Sec. 72.1015. UNCLAIMED WAGES. (a) In this section, "wages" has the meaning assigned by Section 61.001, Labor Code.
(b) An amount of unclaimed wages is presumed abandoned if, for longer than one year:
(1) the existence and location of the person to whom the wages are owed is unknown to the holder of the wages; and
(2) according to the knowledge and records of the holder of the wages, a claim to the wages has not been asserted or an act of ownership of the wages has not been exercised.
Added by Acts 2003, 78th Leg., 3rd C.S., ch. 3, Sec. 2.02, eff. Jan. 11, 2004.
Structure Texas Statutes
Chapter 72 - Abandonment of Personal Property
Subchapter B. Presumption of Abandonment
Section 72.101. Personal Property Presumed Abandoned
Section 72.1015. Unclaimed Wages
Section 72.1016. Stored Value Card
Section 72.1017. Utility Deposits
Section 72.102. Traveler's Check and Money Order
Section 72.1021. Shares of Mutual Fund; Designation of Representative for Notice