Texas Property Code

§ 75.102 — PRESERVATION OF PROPERTY

PR § 75.102Title 6. UNCLAIMED PROPERTY · Ch. 75. TEXAS MINERALS · Art. B. PRESUMPTION OF ABANDONMENT

Statute text

A holder of abandoned property shall preserve that property and may not by any procedure, including a deduction for service, maintenance, or other charge, transfer, convert, or reduce the property to the profits or assets of the holder.

Legislative history

Added by Acts 1985, 69th Leg., ch. 230, Sec. 17, eff. Sept. 1, 1985.