Texas Property Code
§ 74.604 — DISPOSITION OF MONEY DELIVERED TO COMPTROLLER FROM CERTAIN ATTORNEY ACCOUNTS
PR § 74.604Title 6. UNCLAIMED PROPERTY · Ch. 74. REPORT, DELIVERY, AND CLAIMS PROCESS · Art. G. UNCLAIMED MONEY
Statute text
View on source(a)In this section, "IOLTA account" means an account established as required by the Interest on Lawyers' Trust Accounts Program administered by the Texas Access to Justice Foundation under supreme court rule.
(b)Except as provided by Subsection (c), this section applies to money delivered to the comptroller under Section 74.301 as:
(1)unclaimed or unidentified money in a client trust account established by an attorney or law firm; or
(2)money in an abandoned IOLTA account.
(c)This section does not apply to money paid or delivered to a reported owner by the comptroller under Section 74.503.
(d)Notwithstanding any other law, the comptroller shall deposit money to which this section applies to the credit of the basic civil legal services account of the judicial fund. Except as provided by Subsection (e), money deposited to the credit of the basic civil legal services account under this section may be appropriated only to the supreme court for use in programs approved by the supreme court that provide basic civil legal services to indigent persons.
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Legislative history
Added by Acts 2023, 88th Leg., R.S., Ch. 1134 (S.B. 658), Sec. 2, eff. September 1, 2023.