Tex. Fin. Code § 154.302 · Subchapter G. ABANDONED CONTRACTS
NOTICE OF ABANDONED MONEY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
On March 1 of each year, a seller that holds money presumed abandoned under Section 154.301(b) shall furnish the commissioner with an acknowledged written notice of the abandoned money not later than the following June 1. The notice must include:
(1) the name and address, if known, of each person who appears to be the purchaser or the beneficiary of the contract;
(2) the identification number, if any, of the contract;
(3) the total amount paid on the contract;
(4) the amount paid on the contract and held at the depository;
(5) the earnings of the contract; and
(6) a statement by the seller recognizing the seller's obligation and intent to deliver the abandoned money to the comptroller in accordance with this subchapter.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 446 (S.B. 1822), Sec. 1, eff. September 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.154.htm
- Text hash
- sha256 ed54bab410d0991c2043390fdf8f36181606bc72afbe5c011a6b1a062ffcc350
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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