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TX SB2437

Bill

Status

Introduced

3/13/2025

Primary Sponsor

Tan Parker

Click for details

Origin

Senate

89th Legislature Regular Session

AI Summary

  • Expands notice options for self-service storage facility lien sales, allowing lessors to advertise sales through publication, posting, or any "commercially reasonable manner" instead of requiring newspaper publication in two consecutive weeks

  • Permits publication of sale notices on publicly accessible websites that regularly advertise or conduct personal property auctions as an alternative to newspaper publication

  • Defines "commercially reasonable manner" as notice that results in at least three independent bidders registering for, viewing, or attending the sale, whether in-person or online

  • Establishes waiting periods before sale: 15 days after publication, 10 days after posting, or 10 days after notice given in a commercially reasonable manner

  • Applies only to self-service storage facility rental agreements entered into, extended, or renewed on or after September 1, 2025

Legislative Description

Relating to requirements for notice advertising the sale of property to enforce a self-service storage facility lien.

Property Interests

Last Action

Referred to Business & Commerce

3/25/2025

Committee Referrals

Business & Commerce3/25/2025

Full Bill Text

No bill text available