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2025 Texas Statutes
Property Code
Title 6 - Unclaimed Property
Chapter 74 - Report, Delivery, and Claims Process
Subchapter E. Disposition of Delivered Property
Section 74.405. Disposition of Securities
Universal Citation:
TX Prop § 74.405 (2025)
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Sec. 74.405. DISPOSITION OF SECURITIES. (a) The comptroller may sell or otherwise liquidate a security delivered to the comptroller under this chapter.
(b) The comptroller may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The comptroller may sell a security not listed on an established exchange by any commercially reasonable method.
Added by Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514), Sec. 9, eff. May 18, 2021.
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