Texas Property Code
§ 74.501 — CLAIM FILED WITH COMPTROLLER
PR § 74.501Title 6. UNCLAIMED PROPERTY · Ch. 74. REPORT, DELIVERY, AND CLAIMS PROCESS · Art. F. CLAIM FOR DELIVERED PROPERTY
Statute text
View on source(a)The comptroller shall review the validity of each claim filed under this section.
(b)If the comptroller determines that a claim is valid, the comptroller or the comptroller's authorized agent shall approve the claim. If the claim is for money and has been approved under this section, the comptroller shall pay the claim. If a claim is for personal property other than money and has been approved under this section, the comptroller shall deliver the property to the claimant unless the comptroller has sold the property. If the property has been sold under Section 74.401, the comptroller shall pay to the claimant the proceeds from the sale.
(c)All claims to which this subchapter applies must:
(1)identify the specific property in the possession of the comptroller that is being claimed;
(2)include all necessary documentation the comptroller may require; and
(3)except as provided by Section 74.503, be filed in accordance with procedures, contain the information, and be on forms prescribed by the comptroller.
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Legislative history
Acts 2005, 79th Leg., Ch. 165 (H.B. 81), Sec. 1, eff. May 27, 2005. Acts 2017, 85th Leg., R.S., Ch. 324 (S.B. 1488), Sec. 22.059, eff. September 1, 2017. Acts 2019, 86th Leg., R.S., Ch. 267 (S.B. 1420), Sec. 3, eff. September 1, 2019. Acts 2019, 86th Leg., R.S., Ch. 897 (H.B. 3598), Sec. 7, eff. June 10, 2019. Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514), Sec. 10, eff. May 18, 2021. Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514), Sec. 11, eff. May 18, 2021. Acts 2021, 87th Leg., R.S., Ch. 915 (H.B. 3607), Sec. 17.001, eff. September 1, 2021. Acts 2023, 88th Leg., R.S., Ch. 368 (H.B. 1221), Sec. 3, eff. September 1, 2023.