H.B. No. 3395 introduces a new chapter in the Estates Code, specifically Chapter 116, which establishes a framework for the beneficiary designation of manufactured homes classified as personal property. This chapter allows owners to designate one or more beneficiaries to whom their interest in the manufactured home will transfer upon their death. The bill outlines definitions related to beneficiary designations, the applicability of the chapter, and the process for making such designations. It specifies that these designations are revocable, do not require the consent of designated beneficiaries during the owner's life, and cannot be overridden by a will. Additionally, it clarifies that a designated beneficiary may disclaim their interest in the home.
The bill also amends existing legal definitions to include beneficiary designations for manufactured homes and introduces a new section in the Occupations Code that details the process for designating beneficiaries when applying for a statement of ownership for a manufactured home. This includes requirements for submitting applications and proof of death to ensure the transfer of ownership to the designated beneficiaries. The act is set to take effect on September 1, 2025.
Statutes affected: Introduced: Estates Code 122.001, Subchapter E, Chapter , Occupations Code 116.001 (Subchapter E, Chapter , Occupations Code 116, Estates Code 122)
House Committee Report: Estates Code 122.001, Subchapter E, Chapter , Occupations Code 116.001 (Subchapter E, Chapter , Occupations Code 116, Estates Code 122)
Engrossed: Estates Code 122.001, Subchapter E, Chapter , Occupations Code 116.001 (Subchapter E, Chapter , Occupations Code 116, Estates Code 122)
Senate Committee Report: Estates Code 122.001, Subchapter E, Chapter , Occupations Code 116.001 (Subchapter E, Chapter , Occupations Code 116, Estates Code 122)