Tex. Property Code § 74.309
This is the official text of Tex. Property Code § 74.309, part of Texas’s Property Code — governs real property, landlord-tenant law, and property transactions.
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§ 74.309. PRIVATE ESCHEAT AGREEMENTS PROHIBITED.
Official statutory text
An individual, corporation, business association, or other organization may not act through amendment of articles of incorporation, amendment of bylaws, private agreement, or any other means to take or divert funds or personal property into income, divide funds or personal property among locatable patrons or stockholders, or divert funds or personal property by any other method for the purpose of circumventing the unclaimed property process.
Status: in_force · Read it on the official government site
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