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TX SB2437
Bill
Status
3/13/2025
Primary Sponsor
Tan Parker
Click for details
AI Summary
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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
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Permits publication of sale notices on publicly accessible websites that regularly advertise or conduct personal property auctions as an alternative to newspaper publication
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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
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Establishes waiting periods before sale: 15 days after publication, 10 days after posting, or 10 days after notice given in a commercially reasonable manner
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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