Bill Text: TX SB569 | 2015-2016 | 84th Legislature | Engrossed
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the presumption of abandonment of certain tangible personal property held by a county.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2015-06-16 - Effective on 9/1/15 [SB569 Detail]
Download: Texas-2015-SB569-Engrossed.html
Bill Title: Relating to the presumption of abandonment of certain tangible personal property held by a county.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2015-06-16 - Effective on 9/1/15 [SB569 Detail]
Download: Texas-2015-SB569-Engrossed.html
By: Creighton | S.B. No. 569 |
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relating to the presumption of abandonment of certain tangible | ||
personal property held by a county. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 72.101(a), Property Code, is amended to | ||
read as follows: | ||
(a) Except as provided by this section and Sections 72.1015, | ||
72.1016, 72.1017, [ |
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presumed abandoned if, for longer than three years: | ||
(1) the existence and location of the owner of the | ||
property is unknown to the holder of the property; and | ||
(2) according to the knowledge and records of the | ||
holder of the property, a claim to the property has not been | ||
asserted or an act of ownership of the property has not been | ||
exercised. | ||
SECTION 2. Subchapter B, Chapter 72, Property Code, is | ||
amended by adding Section 72.104 to read as follows: | ||
Sec. 72.104. TANGIBLE PERSONAL PROPERTY HELD BY COUNTY. | ||
Tangible personal property that is found on county land or in a | ||
county park, facility, or right-of-way is presumed abandoned if, | ||
for longer than 120 days: | ||
(1) the personal property is held by the county; | ||
(2) the existence and location of the owner of the | ||
personal property is unknown to the county; and | ||
(3) according to the knowledge and records of the | ||
county, a claim to the personal property has not been asserted or an | ||
act of ownership of the personal property has not been exercised. | ||
SECTION 3. This Act takes effect September 1, 2015. |