Texas House Bill HB2611

Texas 2011 - 82nd Regular

• Out of House Committee: 5/5/11

Caption

Relating to claims for and distribution of unclaimed land grant mineral proceeds.

Impact

The changes proposed in HB2611 are intended to streamline the claims process for individuals who can lay claim to these mineral proceeds based on their descent from original land grantees. The bill sets clear guidelines for claim submissions, including the requirement for claimants to provide an affidavit and a copy of a judgment confirming their heirship. This not only aims to improve access for rightful heirs but also seeks to ensure that funds held as unclaimed can be rightfully distributed to those entitled to them.

Summary

House Bill 2611 introduces new provisions for the claims and distribution of unclaimed land grant mineral proceeds in Texas. The bill amends the Property Code to define unclaimed land grant mineral proceeds and stipulates that such proceeds can only be distributed in accordance with the existing legal framework under Subchapter C, Chapter 75. It also clarifies the process for potential claimants to file for these mineral proceeds, enhancing the ability to trace and recover funds that have been left unclaimed under existing regulations.

Contention

While the bill generally aims to assist claimants in recovering unclaimed mineral proceeds, there might be points of contention regarding the requirements placed on claimants, such as the need for a final judgment to establish heirship. This could create barriers for some potential claimants who may find it challenging to gather these necessary documents. Additionally, there may be concerns from legal representatives and organizations that represent claimants about the implications of the contract provisions section and attorney's fees, which could affect how claims are managed and processed in practice.