Tex. Prop. Code § 74.1011 · Subchapter B. PROPERTY REPORT
NOTICE BY PROPERTY HOLDER REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Subsection (b), a holder who on March 1 holds property to which this chapter applies that is valued at more than $250 shall, not later than the 60th day before the date the property is delivered to the comptroller, provide to the owner by mail to the last known address of the owner or by e-mail written notice stating that:
(1) the holder is holding the property; and
(2) the holder may be required to deliver the property to the comptroller on or before July 1 if the property is not claimed.
(b) The notice required under Subsection (a) does not apply to a holder who:
(1) has already provided such notice to the owner of the property or a person entitled to the property under existing federal law, rules, and regulations or state law within the time specified under Subsection (a); or
(2) does not have a record of a physical or e-mail address for the property owner or any other person entitled to the property.
(b-1) If an owner has designated a representative for notice under Section 72.1021 or 73.103, the holder shall mail or e-mail the written notice required under Subsection (a) to the representative in addition to providing written notice to the owner.
(c) A holder that provides notice under this section may charge the cost of the postage as a service charge against the property.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 232 (S.B. 1589), Sec. 2, eff. September 1, 2009.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 685 (H.B. 257), Sec. 7, eff. January 1, 2013.
Acts 2015, 84th Leg., R.S., Ch. 925 (H.B. 1454), Sec. 4, eff. September 1, 2017.
Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514), Sec. 6, eff. May 18, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/PR/htm/PR.74.htm
- Text hash
- sha256 3f090b9fc456bae9e43fa8fa662c651eb07410e32db4290c388d4947ff8feddf
- 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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