Bill Text: TX HB3372 | 2019-2020 | 86th Legislature | Comm Sub
Bill Title: Relating to causes of action for withholding payments of the proceeds from the sale of oil and gas production.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2019-04-24 - Committee report sent to Calendars [HB3372 Detail]
Download: Texas-2019-HB3372-Comm_Sub.html
86R19598 BRG-F | |||
By: Craddick | H.B. No. 3372 | ||
Substitute the following for H.B. No. 3372: | |||
By: Smith | C.S.H.B. No. 3372 |
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relating to causes of action for withholding payments of the | ||
proceeds from the sale of oil and gas production. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 91.402, Natural Resources Code, is | ||
amended by adding Subsection (b-1) to read as follows: | ||
(b-1) A payee does not have a common law cause of action | ||
against a payor for withholding payments under Subsection (b). | ||
SECTION 2. The change in law made by this Act applies only | ||
to an action filed on or after the effective date of this Act. An | ||
action filed before the effective date of this Act is governed by | ||
the law applicable to the action immediately before the effective | ||
date of this Act, and that law is continued in effect for that | ||
purpose. | ||
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. |