Tex. Prop. Code § 59.046

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 59.046 - Excess Proceeds of Sale

If the proceeds of a sale under this subchapter are greater than the amount of the lien and the reasonable expenses of the sale, the lessor shall deliver written notice of the excess to the tenant's last known address as stated in the rental agreement or in a written notice from the tenant to the lessor furnished after the execution of the rental agreement. The lessor shall retain the excess and deliver it to the tenant if the tenant requests it before two years after the date of the sale. If the tenant does not request the excess before two years after the date of the sale, the lessor owns the excess.

Tex. Prop. Code § 59.046

Acts 1983, 68th Leg., p. 3578, ch. 576, Sec. 1, eff. 1/1/1984.