11.355 – NOTICE OF ESCHEAT; ESCHEAT. (a) If no claimant
Texas Business Organizations Code § 11.355
Summary
This law outlines the process for notifying the public about unclaimed money that will be escheated to the state if no claimants come forward. It specifically requires the comptroller to publish a notice in a local newspaper detailing the unclaimed funds and any known owners or creditors.
Requires public notice for unclaimed money escheatment.
Notice must include names and addresses of known owners.
Applies if no claimants prove their rights within a specified period.
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In simple terms: Learn about Texas's NOTICE OF ESCHEAT; ESCHEAT. (a) If no claimant law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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