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2023 Texas Statutes
Property Code
Title 6 - Unclaimed Property
Chapter 74 - Report, Delivery, and Claims Process
Subchapter F. Claim for Delivered Property
Section 74.503. Waiver of Claim Requirement
Universal Citation:
TX Prop § 74.503 (2023)
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Sec. 74.503. WAIVER OF CLAIM REQUIREMENT. The comptroller may waive the requirement of filing a claim and pay or deliver property directly to a person who does not file a claim if:
(1) the person receiving the property is the reported owner of the property;
(2) the comptroller reasonably believes the person is entitled to receive the property or payment; and
(3) the property has a value of less than $5,000.
Added by Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514), Sec. 12, eff. May 18, 2021.
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