Texas § 73.101 INACTIVE ACCOUNT OR SAFE DEPOSIT BOX PRESUMED ABANDONED.

Texas Statutes

§ 73.101 — INACTIVE ACCOUNT OR SAFE DEPOSIT BOX PRESUMED ABANDONED.

Texas § 73.101

Code PRProperty Code

This text of Texas § 73.101 (INACTIVE ACCOUNT OR SAFE DEPOSIT BOX PRESUMED ABANDONED.) 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. Property Code Code Ann. § 73.101 (2026).

Text

Sec. 73.101. INACTIVE ACCOUNT OR SAFE DEPOSIT BOX PRESUMED ABANDONED.

(a)An account or safe deposit box is presumed abandoned if:

(1)except as provided by Subsection (c), the account or safe deposit box has been inactive for at least five years as determined under Subsection (b);

(2)the location of the depositor of the account or owner of the safe deposit box is unknown to the depository; and

(3)the amount of the account or the contents of the box have not been delivered to the comptroller in accordance with Chapter 74 .

(b)For purposes of Subsection (a)(1):

(1)an account becomes inactive beginning on the date of the depositor's last transaction or correspondence concerning the account; and

(2)a safe deposit box becomes inactive beginning on the date a rental was due but not paid. (

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Sec. 73.101. INACTIVE ACCOUNT OR SAFE DEPOSIT BOX PRESUMED ABANDONED. (a) An account or safe deposit box is presumed abandoned if:
(1) except as provided by Subsection (c), the account or safe deposit box has been inactive for at least five years as determined under Subsection (b);
(2) the location of the depositor of the account or owner of the safe deposit box is unknown to the depository; and
(3) the amount of the account or the contents of the box have not been delivered to the comptroller in accordance with Chapter 74 .
(b) For purposes of Subsection (a)(1):
(1) an account becomes inactive beginning on the date of the depositor's last transaction or correspondence concerning the account; and
(2) a safe deposit box becomes inactive beginning on the date a rental was due but not paid.
(c) If the account is a checking or savings account or is a matured certificate of deposit, the account is presumed abandoned if the account has been inactive for at least three years as determined under Subsection (b)(1).

Legislative History

Acts 1983, 68th Leg., p. 3607, ch. 576, Sec. 1, eff. Jan. 1, 1984. Amended by Acts 1984, 68th Leg., 2nd C.S., ch. 18, Sec. 8(d), eff. Oct. 2, 1984; Acts 1985, 69th Leg., ch. 230, Sec. 16, eff. Sept. 1, 1985; Acts 1991, 72nd Leg., ch. 153, Sec. 11, 12, eff. Sept. 1, 1991; Acts 1997, 75th Leg., ch. 1037, Sec. 14, eff. Sept. 1, 1997; Acts 1997, 75th Leg., ch. 1423, Sec. 16.05, eff. Sept. 1, 1997. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 685 (H.B. 257 ), Sec. 5, eff. September 1, 2011.