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A BILL TO BE ENTITLED
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AN ACT
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relating to causes of action for withholding payments of the |
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proceeds from the sale of oil and gas production. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 91.402, Natural Resources Code, is |
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amended by adding Subsection (b-1) to read as follows: |
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(b-1) A payee does not have a common law cause of action |
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against a payor for withholding payments under Subsection (b) |
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unless, for a dispute concerning the title, the contract requiring |
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payment specifies otherwise. |
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SECTION 2. The change in law made by this Act applies only |
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to an action filed on or after the effective date of this Act. An |
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action filed before the effective date of this Act is governed by |
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the law applicable to the action immediately before the effective |
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date of this Act, and that law is continued in effect for that |
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purpose. |
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SECTION 3. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2021. |