Sec. 74.309. PRIVATE ESCHEAT AGREEMENTS PROHIBITED. An individual, corporation, business association, or other organization may not act through amendment of articles of incorporation, amendment of bylaws, private agreement, or any other means to take or divert funds or personal property into income, divide funds or personal property among locatable patrons or stockholders, or divert funds or personal property by any other method for the purpose of circumventing the unclaimed property process.
Added by Acts 1987, 70th Leg., ch. 426, Sec. 5, eff. Sept. 1, 1987.
Structure Texas Statutes
Chapter 74 - Report, Delivery, and Claims Process
Section 74.301. Delivery of Property to Comptroller
Section 74.3011. Delivery of Money to Rural Scholarship Fund
Section 74.3012. Delivery of Money to Urban Scholarship Fund
Section 74.302. Statement of Delivered Property
Section 74.304. Responsibility After Delivery
Section 74.306. Unclaimed Property Held by Federal Government
Section 74.3061. Escheat of Funds in the Possession of the United States
Section 74.307. List of Owners; Other Public Information