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AN ACT
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relating to designation of a representative for notice regarding |
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abandonment of shares of a mutual fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 72.1021, Property Code, is amended by |
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adding Subsection (a-1) to read as follows: |
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(a-1) A holder of shares of a mutual fund shall notify the |
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owner of the shares when the owner makes the initial purchase of |
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shares in the fund that the owner may designate a representative |
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under Subsection (a). |
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SECTION 2. 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. 2964 was passed by the House on April |
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19, 2017, by the following vote: Yeas 148, Nays 0, 1 present, not |
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voting; and that the House concurred in Senate amendments to H.B. |
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No. 2964 on May 19, 2017, by the following vote: Yeas 142, Nays 0, |
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1 present, not voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 2964 was passed by the Senate, with |
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amendments, on May 16, 2017, by the following vote: Yeas 30, Nays |
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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 |