86R8437 SMT-D
By: Miles S.B. No. 1642
A BILL TO BE ENTITLED
AN ACT
relating to the authority of an owner of real property sold at a tax
sale to transfer the owner's right of redemption to another person.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 34.21, Tax Code, is amended by adding
Subsection (l) to read as follows:
(l) An owner of real property who is entitled to redeem the
property under this section may not transfer the owner's right of
redemption to another person. Any instrument purporting to
transfer the owner's right of redemption is void.
SECTION 2. The change in law made by this Act does not
affect a transfer of a property owner's right of redemption that
occurred before the effective date of this Act.
SECTION 3. This Act takes effect immediately if it receives
a vote of two-thirds of all the members elected to each house, as
provided by Section 39, Article III, Texas Constitution. If this
Act does not receive the vote necessary for immediate effect, this
Act takes effect September 1, 2019.