Texas Property Code

§ 72.1017 — UTILITY DEPOSITS

PR § 72.1017Title 6. UNCLAIMED PROPERTY · Ch. 72. ABANDONMENT OF PERSONAL PROPERTY · Art. B. PRESUMPTION OF ABANDONMENT

(a)In this section:

(1)"Utility" has the meaning assigned by Section 183.001, Utilities Code.

(2)"Utility deposit" is a refundable money deposit a utility requires a user of the utility service to pay as a condition of initiating the service.

(b)Notwithstanding Section 73.102, a utility deposit is presumed abandoned on the latest of:

(1)the first anniversary of the date a refund check for the utility deposit was payable to the owner of the deposit;

(2)the first anniversary of the date the utility last received documented communication from the owner of the utility deposit; or

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Legislative history

Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 5.01, eff. September 28, 2011.