2023 Texas Statutes
Property Code
Title 6 - Unclaimed Property
Chapter 77 - Report, Delivery, and Claims Process for Unclaimed Restitution Payments
Subchapter E. Claim for Delivered Property
Section 77.203. Claim Filed With Holder
Sec. 77.203. CLAIM FILED WITH HOLDER. (a) If a claim for an unclaimed restitution payment is filed with a holder under this section and the holder determines in good faith that the claim is valid, the holder may pay the amount of the claim.
(b) The comptroller may reimburse the holder for a valid claim paid under this section.
(c) The request from a holder for reimbursement must be filed in accordance with procedures and on forms prescribed by the comptroller and may not exceed the amount previously reported and delivered by the holder to the comptroller.
(d) The comptroller may not reimburse a holder for a claim paid to a person the comptroller is not permitted to pay under Section 77.201(e).
(e) The liability of the comptroller to reimburse a holder under this section is limited to the extent of the property delivered under this chapter and remaining in the possession of the comptroller at the time a holder requests reimbursement.
Added by Acts 2017, 85th Leg., R.S., Ch. 351 (H.B. 1866), Sec. 4, eff. September 1, 2017.
