Texas Statutes (Last Updated: January 4, 2014) |
PROPERTY CODE |
Title 6. UNCLAIMED PROPERTY |
Chapter 75. TEXAS MINERALS |
Subchapter B. PRESUMPTION OF ABANDONMENT |
Sec. 75.102. PRESERVATION OF PROPERTY
Latest version.
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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.
Added by Acts 1985, 69th Leg., ch. 230, Sec. 17, eff. Sept. 1, 1985.