Bill Text: TX SB583 | 2011-2012 | 82nd Legislature | Introduced

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Bill Title: Relating to the criminal penalty for failure of a trustee to pay the beneficiaries of the trust the purchase price for timber sold by the trustee.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2011-03-28 - Left pending in committee [SB583 Detail]

Download: Texas-2011-SB583-Introduced.html

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82R3682 TRH-F
By: Nichols S.B. No. 583

A BILL TO BE ENTITLED
AN ACT
relating to the criminal penalty for failure of a trustee to pay the
beneficiaries of the trust the purchase price for timber sold by the
trustee.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 151.105(d), Natural Resources Code, is
amended to read as follows:
(d) An offense under this section is:
(1) a state jail felony if it is shown on the trial of
the offense that the value of the timber sold is at least $500 but
less than $20,000;
(2) a felony of the third degree if it is shown on the
trial of the offense that the value of the timber sold is at least
$20,000 but less than $100,000;
(3) a felony of the second degree if it is shown on the
trial of the offense that the value of the timber sold is at least
$100,000 but less than $200,000; or
(4) a felony of the first degree if it is shown on the
trial of the offense that the value of the timber sold is at least
$200,000.
SECTION 2. The change in law made by this Act applies only
to an offense committed on or after the effective date of this Act.
An offense committed before the effective date of this Act is
governed by the law in effect on the date the offense was
committed, and the former law is continued in effect for that
purpose. For purposes of this section, an offense was committed
before the effective date of this Act if any element of the offense
occurred before that date.
SECTION 3. This Act takes effect September 1, 2011.