Relating to authorizing a beneficiary designation that transfers a manufactured home classified as personal property at the owner's death.
What changed between versions
Added a new Chapter 116 to the Estates Code establishing a beneficiary designation system for manufactured homes classified as personal property.
Defined key terms including beneficiary designation, designated beneficiary, joint owner with right of survivorship, manufactured home, and person.
Updated Section 122.001(1) of the Estates Code to include beneficiary designations for manufactured homes in the definition of beneficiary.
Requires beneficiary designations to be made through an application for a new statement of ownership submitted to the department within 365 days of the owner's death.
Establishes that beneficiary designations are revocable, do not affect creditors during the owner's life, and cannot be superseded by a will.
Added Section 1201.2135 to the Occupations Code detailing the process for submitting beneficiary designations with applications for statements of ownership.
Sets the effective date of the Act as September 1, 2025.
