Texas Transportation Code

§ 6.003 — DISPOSITION OF PROCEEDS

TN § 6.003Title 2. GENERAL PROVISIONS RELATING TO CARRIERS · Ch. 6. SALE OF UNCLAIMED GOODS

Statute text

View on source

(a)The common carrier shall:

(1)deduct charges due on freight or baggage, including the cost of storage and sale, from the proceeds of the sale; and

(2)hold the remainder subject to Subsection (b).

(b)The owner of the freight or baggage may recover from the common carrier the proceeds of the sale less any deductions under Subsection (a) if the owner or the owner's agent presents proof of ownership of the sold items to the carrier within five years after the date of the sale.

Legislative history

Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.