Senate Bill No. 1940 aims to establish a legal framework for the designation of beneficiaries for manufactured homes classified as personal property upon the owner's death. The bill introduces Chapter 116 to the Estates Code, which defines key terms such as "beneficiary designation," "designated beneficiary," and "manufactured home." It allows owners to transfer their interest in a manufactured home to one or more beneficiaries through a beneficiary designation, which is revocable and does not require the consent of the designated beneficiaries. The bill also clarifies that a will cannot revoke or supersede a beneficiary designation, and it outlines the rights of designated beneficiaries and joint owners regarding the transfer of ownership.

Additionally, the bill amends existing legal definitions and provisions to include beneficiary designations for manufactured homes, ensuring that these designations are treated similarly to other forms of property transfer upon death. It specifies that the transfer of ownership to beneficiaries must occur within a year of the owner's death and requires the submission of an application for a new statement of ownership to the relevant department. The bill is set to take effect on September 1, 2025, providing a structured process for the transfer of manufactured homes and enhancing the rights of owners and beneficiaries in Texas.

Statutes affected:
Introduced: 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)
Engrossed: Estates Code 122.001, Subchapter E, Chapter , Occupations Code 116.001 (Subchapter E, Chapter , Occupations Code 116, Estates Code 122)