117.083 – LOSS OF REGISTRY FUNDS. If registry funds held
Texas Local Government Code § 117.083
Summary
This law establishes that if registry funds held by a county or district clerk are lost, the county is responsible for reimbursing the rightful owner for the full amount. This applies regardless of the reason for the loss, including the insolvency of the financial institution holding the funds. It affects counties and individuals who have deposited funds with county clerks.
Counties are liable for lost registry funds.
Loss includes insolvency of the depository.
Rightful owners must be reimbursed fully.
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In simple terms: Learn about Texas's LOSS OF REGISTRY FUNDS. If registry funds held 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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