Tex. Prop. Code § 74.503

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 74.503 - Waiver of Claim Requirement

The comptroller may waive the requirement of filing a claim and pay or deliver property directly to a person who does not file a claim if:

(1) the person receiving the property is the reported owner of the property;

(2) the comptroller reasonably believes the person is entitled to receive the property or payment; and

(3) the property has a value of less than $5,000.

Tex. Prop. Code § 74.503

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 52,Sec. 12, eff. 5/18/2021.