1 | 1 | | By: Gonzales (Senate Sponsor - Hinojsa) H.B. No. 3314 |
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2 | 2 | | (In the Senate - Received from the House May 7, 2009; |
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3 | 3 | | May 8, 2009, read first time and referred to Committee on |
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4 | 4 | | Jurisprudence; May 21, 2009, reported favorably by the following |
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5 | 5 | | vote: Yeas 5, Nays 0; May 21, 2009, sent to printer.) |
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6 | 6 | | |
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7 | 7 | | |
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8 | 8 | | A BILL TO BE ENTITLED |
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9 | 9 | | AN ACT |
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10 | 10 | | relating to the transfer of title to a decedent's homestead through |
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11 | 11 | | a small estate affidavit. |
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12 | 12 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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13 | 13 | | SECTION 1. Section 137(c), Texas Probate Code, is amended |
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14 | 14 | | to read as follows: |
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15 | 15 | | (c) Title to a decedent's homestead that is the only real |
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16 | 16 | | property in the [a] decedent's estate may be transferred on an |
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17 | 17 | | affidavit that meets the requirements of this section only to a |
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18 | 18 | | distributee who is the decedent's child or who occupied the |
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19 | 19 | | property as the distributee's principal residence on the date of |
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20 | 20 | | the decedent's death, provided that the distributee is otherwise |
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21 | 21 | | entitled to the property. An affidavit that is used to transfer |
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22 | 22 | | title to a homestead under this section must be recorded in the deed |
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23 | 23 | | records of a county in which the homestead is located. A bona fide |
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24 | 24 | | purchaser for value may rely on a recorded affidavit under this |
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25 | 25 | | section. A bona fide purchaser for value without actual or |
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26 | 26 | | constructive notice of an heir who is not disclosed in a recorded |
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27 | 27 | | affidavit under this section acquires title to a homestead free of |
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28 | 28 | | the interests of the undisclosed heir, but the bona fide purchaser |
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29 | 29 | | remains subject to any claim a creditor of the decedent has by law. |
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30 | 30 | | A purchaser has constructive notice of an heir who is not disclosed |
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31 | 31 | | in a recorded affidavit under this section if an affidavit, |
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32 | 32 | | judgment of heirship, or title transaction in the chain of title in |
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33 | 33 | | the deed records identifies the heir of the decedent who is not |
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34 | 34 | | disclosed in the affidavit as an heir of the decedent. An heir who |
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35 | 35 | | is not disclosed in a recorded affidavit under this section may |
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36 | 36 | | recover from an heir who receives consideration from a purchaser in |
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37 | 37 | | a transfer for value of title to a homestead passing under the |
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38 | 38 | | affidavit. |
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39 | 39 | | SECTION 2. Section 137(c), Texas Probate Code, as amended |
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40 | 40 | | by this Act, applies to the estate of a decedent that is pending on |
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41 | 41 | | or after the effective date of this Act, regardless of the |
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42 | 42 | | decedent's date of death. |
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43 | 43 | | SECTION 3. This Act takes effect September 1, 2009. |
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44 | 44 | | * * * * * |
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