Texas § 74.7021 LIMITATION PERIOD FOR EXAMINATION.

Texas Statutes

§ 74.7021 — LIMITATION PERIOD FOR EXAMINATION.

Texas § 74.7021

Code PRProperty Code

This text of Texas § 74.7021 (LIMITATION PERIOD FOR EXAMINATION.) 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. § 74.7021 (2026).

Text

Sec. 74.7021. LIMITATION PERIOD FOR EXAMINATION.

(a)The comptroller or attorney general may not begin an examination relating to the reporting, payment, or delivery of property under this chapter after the seventh anniversary of the date a person filed a property report under this title.

(b)The limitation provided by this section does not apply if:

(1)the person has filed a false or fraudulent property report with the intent to avoid delivery of property as required by this title;

(2)a property report for a period has not been filed; or

(3)a court grants a petition to compel the person to submit to an examination under this chapter, deliver property, or file a property report.

(c)For purposes of Subsection (b)(1), a person is presumed to have acted with intent to avoid delivery of pr

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Sec. 74.7021. LIMITATION PERIOD FOR EXAMINATION. (a) The comptroller or attorney general may not begin an examination relating to the reporting, payment, or delivery of property under this chapter after the seventh anniversary of the date a person filed a property report under this title.
(b) The limitation provided by this section does not apply if:
(1) the person has filed a false or fraudulent property report with the intent to avoid delivery of property as required by this title;
(2) a property report for a period has not been filed; or
(3) a court grants a petition to compel the person to submit to an examination under this chapter, deliver property, or file a property report.
(c) For purposes of Subsection (b)(1), a person is presumed to have acted with intent to avoid delivery of property as required by this title if, after correction of a report, the amount of property to be delivered under this title exceeds the amount initially reported by at least 25 percent.