Texas Statutes (Last Updated: January 4, 2014) |
PROPERTY CODE |
Title 6. UNCLAIMED PROPERTY |
Chapter 71. ESCHEAT OF PROPERTY |
Subchapter C. DISPOSITION OF ESCHEATED PROPERTY |
Sec. 71.201. SEIZURE AND SALE OF PERSONAL PROPERTY
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(a) If personal property escheated to the state, the court shall issue to the sheriff a writ that commands the sheriff to seize the escheated property.
(b) The sheriff shall:
(1) dispose of the personal property at public auction in accordance with the law regarding the sale of personal property under execution; and
(2) deposit into the State Treasury the proceeds of the sale, less court costs.
Acts 1983, 68th Leg., p. 3589, ch. 576, Sec. 1, eff. Jan. 1, 1984.