Texas Property Code - Section 70.007. Unclaimed Excess
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Texas Laws > Property Code > Texas Property Code - Section 70.007. Unclaimed Excess
Section: 63.005 70.001 70.002 70.003 70.004 70.005 70.006 70.007 70.008 70.009 70.101 70.102 70.103 70.104 70.201
§ 70.007. UNCLAIMED EXCESS. (a) If a person entitled to
excess proceeds under this subchapter is not known or has moved from
this state or the county in which the lien accrued, the person
holding the excess shall pay it to the county treasurer of the
county in which the lien accrued. The treasurer shall issue the
person a receipt for the payment.
(b) If the person entitled to the excess does not claim it
before two years after the day it is paid to the treasurer, the
excess becomes a part of the county's general fund.
Acts 1983, 68th Leg., p. 3582, ch. 576, § 1, eff. Jan. 1, 1984.
Last modified: August 11, 2007