Texas Property Code

§ 71.201 — SEIZURE AND SALE OF PERSONAL PROPERTY

PR § 71.201Title 6. UNCLAIMED PROPERTY · Ch. 71. ESCHEAT OF PROPERTY · Art. C. DISPOSITION OF ESCHEATED PROPERTY

Statute text

(a)If personal property escheated to the state, the court shall issue to the sheriff a writ that commands the sheriff to seize the escheated property.

(b)The sheriff shall:

(1)dispose of the personal property at public auction in accordance with the law regarding the sale of personal property under execution; and

(2)deposit into the State Treasury the proceeds of the sale, less court costs.

Legislative history

Acts 1983, 68th Leg., p. 3589, ch. 576, Sec. 1, eff. Jan. 1, 1984.