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Tex. Property Code § 74.306

This is the official text of Tex. Property Code § 74.306, part of Texas’s Property Code — governs real property, landlord-tenant law, and property transactions.

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§ 74.306. UNCLAIMED PROPERTY HELD BY FEDERAL GOVERNMENT.

Official statutory text

(a) If the federal government enacts a law that provides for the discovery of unclaimed property held by the federal government and that provides or makes that information available to the states, the comptroller may pay to the federal government from the unclaimed money received under this chapter or any other statute requiring the delivery of unclaimed property to the comptroller the proportional share of the necessary cost of examining records.

(b) If the federal government delivers unclaimed property to the comptroller, this state shall hold the federal government harmless from claims made by owners of the property after the delivery.

Status: in_force · Read it on the official government site

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