Texas § 151.258 SALE OF SECURITY.

Texas Statutes

§ 151.258 — SALE OF SECURITY.

Texas § 151.258

Code TXTax Code

This text of Texas § 151.258 (SALE OF SECURITY.) 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. Tax Code Code Ann. § 151.258 (2026).

Text

Sec. 151.258. SALE OF SECURITY.

(a)If necessary to recover an amount of tax, penalty, or interest, the comptroller may sell security deposited under this subchapter. A sale shall be public and notice of the sale may be given personally or by mail to the person who deposited the security.

(b)If the notice is given by mail, the comptroller may send it to the last known address appearing in the records of the comptroller.

(c)Subject to the requirement of additional security required by Section 151.260 of this code, the comptroller shall return to the depositor any security remaining after the sale and after recovering the amount of tax, penalty, and interest due from the depositor.

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Sec. 151.258. SALE OF SECURITY. (a) If necessary to recover an amount of tax, penalty, or interest, the comptroller may sell security deposited under this subchapter. A sale shall be public and notice of the sale may be given personally or by mail to the person who deposited the security.
(b) If the notice is given by mail, the comptroller may send it to the last known address appearing in the records of the comptroller.
(c) Subject to the requirement of additional security required by Section 151.260 of this code, the comptroller shall return to the depositor any security remaining after the sale and after recovering the amount of tax, penalty, and interest due from the depositor.