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SB553

Uniform Partition of Heirs Property Act; incorporates major provisions.

Status:
Passed

Latest Action: Feb. 25, 2020
Senate: Signed by President

Chief Patron:
Frank Ruff (R)

Session:
2020 Regular Session

Summary

As introduced. Uniform Partition of Heirs Property Act.

Creates the Uniform Partition of Heirs Property Act to preserve the right of a cotenant to sell his interest in inherited real estate while ensuring that the other cotenants will have the necessary due process, including notice, appraisal, and right of first refusal, to prevent a forced sale. If the other cotenants do not exercise their right to purchase property from the seller, the court must order a partition in kind if feasible, and if not, a commercially reasonable sale for fair market value. The provisions of the bill apply to partition actions filed on or after July 1, 2020. (Less)
  • Bill History

  • 01/07/2020 - Senate: Prefiled and ordered printed; offered 01/08/20 20103964D
  • 01/07/2020 - Senate: Referred to Committee on the Judiciary
  • 01/29/2020 - Senate: Reported from Judiciary with substitute (14-Y 0-N)
  • 01/29/2020 - Senate: Committee substitute printed 20106043D-S1
  • 01/31/2020 - Senate: Constitutional reading dispensed (37-Y 0-N)
  • 02/03/2020 - Senate: Read second time
  • 02/03/2020 - Senate: Reading of substitute waived
  • 02/03/2020 - Senate: Committee substitute agreed to 20106043D-S1
  • 02/03/2020 - Senate: Engrossed by Senate - committee substitute SB553S1
  • 02/04/2020 - Senate: Read third time and passed Senate (40-Y 0-N)
  • 02/12/2020 - House: Placed on Calendar
  • 02/12/2020 - House: Read first time
  • 02/12/2020 - House: Referred to Committee for Courts of Justice
  • 02/14/2020 - House: Reported from Courts of Justice (22-Y 0-N)
  • 02/18/2020 - House: Read second time
  • 02/19/2020 - House: Read third time
  • 02/19/2020 - House: Passed House BLOCK VOTE (100-Y 0-N)
  • 02/19/2020 - House: VOTE: (100-Y 0-N)
  • 02/24/2020 - Senate: Enrolled
  • 02/24/2020 - Senate: Bill text as passed Senate and House (SB553ER)
  • 02/24/2020 - House: Signed by Speaker
  • 02/25/2020 - Senate: Signed by President