S.B. No. 554
AN ACT
relating to the liability of an ERISA-regulated employee benefit
plan under certain state law.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 88, Civil Practice and Remedies Code, is
amended by adding Section 88.0015 to read as follows:
Sec. 88.0015. INAPPLICABILITY TO ERISA-REGULATED EMPLOYEE
BENEFIT PLAN. This chapter does not apply to an employee benefit
plan regulated under the Employee Retirement Income Security Act of
1974 (29 U.S.C. Section 1001 et seq.).
SECTION 2. 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, 2005.
______________________________ ______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 554 passed the Senate on
April 7, 2005, by the following vote: Yeas 31, Nays 0.
______________________________
Secretary of the Senate
I hereby certify that S.B. No. 554 passed the House on
May 20, 2005, by the following vote: Yeas 137, Nays 0, one
present not voting.
______________________________
Chief Clerk of the House
Approved:
______________________________
Date
______________________________
Governor