Texas Property Code

§ 72.102 — TRAVELER'S CHECK AND MONEY ORDER

PR § 72.102Title 6. UNCLAIMED PROPERTY · Ch. 72. ABANDONMENT OF PERSONAL PROPERTY · Art. B. PRESUMPTION OF ABANDONMENT

Statute text

(a)A traveler's check or money order is not presumed to be abandoned under this chapter unless:

(1)the records of the issuer of the check or money order indicate that it was purchased in this state;

(2)the issuer's principal place of business is in this state and the issuer's records do not indicate the state in which the check or money order was purchased; or

(3)the issuer's principal place of business is in this state, the issuer's records indicate that the check or money order was purchased in another state, and the laws of that state do not provide for the escheat or custodial taking of the check or money order.

(b)A traveler's check to which Subsection (a) applies is presumed to be abandoned on the latest of:

(1)the 15th anniversary of the date on which the check was issued;

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Legislative history

Acts 2011, 82nd Leg., R.S., Ch. 685 (H.B. 257), Sec. 3, eff. September 1, 2011.