Texas Property Code
§ 76.601 — FUND
PR § 76.601Title 6. UNCLAIMED PROPERTY · Ch. 76. REPORT, DELIVERY, AND CLAIMS PROCESS FOR CERTAIN PROPERTY · Art. G. UNCLAIMED MONEY FUND
Statute text
View on source(a)The treasurer of the holder shall maintain a fund known as the unclaimed money fund.
(b)The treasurer of the holder shall deposit to the credit of the fund:
(1)all funds, including marketable securities, delivered to the treasurer of the holder under this chapter or any other statute requiring the delivery of unclaimed property to the treasurer of the holder;
(2)all proceeds from the sale of any property, including marketable securities, under this chapter; and
(3)any income derived from investments of the fund.
(c)The treasurer of the holder shall keep a separate record and accounting for delivered unclaimed property, other than money, before its sale.
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Legislative history
Added by Acts 1997, 75th Leg., ch. 1037, Sec. 38, eff. Sept. 1, 1997.