Texas Property Code

§ 74.503 — WAIVER OF CLAIM REQUIREMENT

PR § 74.503Title 6. UNCLAIMED PROPERTY · Ch. 74. REPORT, DELIVERY, AND CLAIMS PROCESS · Art. F. CLAIM FOR DELIVERED PROPERTY

The comptroller may waive the requirement of filing a claim and pay or deliver property directly to a person who does not file a claim if:

(1)the person receiving the property is the reported owner of the property;

(2)the comptroller reasonably believes the person is entitled to receive the property or payment; and

(3)the property has a value of less than $5,000.

Legislative history

Added by Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514), Sec. 12, eff. May 18, 2021.