S.B. No. 911

RELEASE OF TRUSTEE FROM LIABILITY

Effective Date: September 1, 1997

AN ACT

relating to the protection of a trustee from liability under certain circumstances.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1.  Section 114.001, Property Code, is amended by adding Subsection (e) to read as follows:

(e)  The trustee has the same protection from liability provided for a fiduciary under 42 U.S.C. Section 9607(n).

SECTION 2.  This Act takes effect September 1, 1997.

SECTION 3.  The importance of this legislation and the crowded condition of the calendars in both houses create an emergency and an imperative public necessity that the constitutional rule requiring bills to be read on three several days in each house be suspended, and this rule is hereby suspended.


Courtesy of Glenn M. Karisch, Ikard & Golden, P. C., Austin, Texas. This page was last revised on May 13, 1997.