Texas § 154.302 NOTICE OF ABANDONED MONEY.

Texas Statutes

§ 154.302 — NOTICE OF ABANDONED MONEY.

Texas § 154.302

Code FIFinance Code

This text of Texas § 154.302 (NOTICE OF ABANDONED MONEY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 154.302 (2026).

Text

Sec. 154.302. NOTICE OF ABANDONED MONEY. On March 1 of each year, a seller that holds money presumed abandoned under Section 154.301 (b) shall furnish the commissioner with an acknowledged written notice of the abandoned money not later than the following June 1. The notice must include:

(1)the name and address, if known, of each person who appears to be the purchaser or the beneficiary of the contract;

(2)the identification number, if any, of the contract;

(3)the total amount paid on the contract;

(4)the amount paid on the contract and held at the depository;

(5)the earnings of the contract; and

(6)a statement by the seller recognizing the seller's obligation and intent to deliver the abandoned money to the comptroller in accordance with this subchapter.

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Sec. 154.302. NOTICE OF ABANDONED MONEY. On March 1 of each year, a seller that holds money presumed abandoned under Section 154.301 (b) shall furnish the commissioner with an acknowledged written notice of the abandoned money not later than the following June 1. The notice must include:
(1) the name and address, if known, of each person who appears to be the purchaser or the beneficiary of the contract;
(2) the identification number, if any, of the contract;
(3) the total amount paid on the contract;
(4) the amount paid on the contract and held at the depository;
(5) the earnings of the contract; and
(6) a statement by the seller recognizing the seller's obligation and intent to deliver the abandoned money to the comptroller in accordance with this subchapter.

Legislative History

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2019, 86th Leg., R.S., Ch. 446 (S.B. 1822 ), Sec. 1, eff. September 1, 2019.