TITLE: Relating to required disclosure for appointment of certain impartial third parties.

SUMMARY: Relating to required disclosure for appointment of certain impartial third parties.

FULL TEXT:
AN ACT relating to required disclosure for appointment of certain impartial third parties. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter C, Chapter 154, Civil Practice and Remedies Code, is amended by adding Section 154.0521 to read as follows: Sec. 154.0521. DISCLOSURE REQUIRED. To be appointed an impartial third party to facilitate an arbitration under this subchapter, a person must disclose to all parties the nature of any financial or other relationship the person has to any party. SECTION 2. The change in law made by this Act applies only to the appointment of an impartial third party that takes place on or after the effective date of this Act. An appointment of an impartial third party that takes place before the effective date of this Act is governed by the law in effect immediately before that date, and that law is continued in effect for that purpose. SECTION 3. This Act takes effect September 1, 2011.