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AN ACT
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relating to a penalty for independent executors who misrepresent in |
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an affidavit in lieu of the inventory, appraisement, and list of |
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claims that certain beneficiaries received the inventory and |
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appraisement. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 309, Estates Code, is |
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amended by adding Section 309.0575 to read as follows: |
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Sec. 309.0575. PENALTY FOR MISREPRESENTATION IN AFFIDAVIT |
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IN LIEU OF INVENTORY, APPRAISEMENT, AND LIST OF CLAIMS. (a) The |
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court, on its own motion or on motion of any person interested in |
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the estate, and after an independent executor has been cited to |
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answer at a time and place fixed in the notice, may fine an |
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independent executor in an amount not to exceed $1,000 if the court |
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finds that the executor misrepresented in an affidavit in lieu of |
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the inventory, appraisement, and list of claims filed by the |
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executor that all beneficiaries, other than those described by |
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Section 309.056(b-1), received a verified, full, and detailed |
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inventory and appraisement as required by Section 309.056(b). |
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(b) The independent executor and the executor's sureties, |
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if any, are liable for any fine imposed under this section and for |
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all damages and costs sustained by the executor's |
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misrepresentation. The fine, damages, and costs may be recovered |
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in any court of competent jurisdiction. |
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SECTION 2. Section 309.0575, Estates Code, as added by this |
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Act, applies only to the estate of a decedent who dies on or after |
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the effective date of this Act. The estate of a decedent who dies |
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before the effective date of this Act is governed by the law in |
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effect on the date of the decedent's death, and the former law is |
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continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2017. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 1877 was passed by the House on May 6, |
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2017, by the following vote: Yeas 140, Nays 0, 2 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 1877 was passed by the Senate on May |
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22, 2017, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |