Texas Code of Criminal Procedure

§ 59.12 — SEIZURE OF ACCOUNTS AND ASSETS AT REGULATED FINANCIAL INSTITUTION

CR § 59.12Title 1. CODE OF CRIMINAL PROCEDURE · Ch. 59. FORFEITURE OF CONTRABAND

Statute text

(a)This article applies to property consisting of a depository account or assets in a regulated financial institution.

(b)A regulated financial institution, at the time a seizure warrant issued under Chapter 18 is served on the institution, may either:

(1)pay an account or tender assets held as security for an obligation owed to the institution at the time of the service of the seizure warrant;

(2)transfer the depository account or assets to a segregated interest-bearing account in the name of the attorney representing the state as trustee, to remain in the account until the time has expired for an appeal from a decision of the court relating to the forfeiture of accounts or assets under Article 59.05; or

(3)transfer any digital currency, non-fungible token, or stablecoin held by the institution to a secure wallet that is:

(A)not connected to an exchange or network; and

…

Legislative history

Acts 2025, 89th Leg., R.S., Ch. 1063 (S.B. 1498), Sec. 5, eff. September 1, 2025.