Sec. 74.503. WAIVER OF CLAIM REQUIREMENT. The comptroller may waive the requirement of filing a claim and pay or deliver property directly to a person who does not file a claim if:
(1) the person receiving the property is the reported owner of the property;
(2) the comptroller reasonably believes the person is entitled to receive the property or payment; and
(3) the property has a value of less than $5,000.
Added by Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514), Sec. 12, eff. May 18, 2021.
Structure Texas Statutes
Chapter 74 - Report, Delivery, and Claims Process
Subchapter F. Claim for Delivered Property
Section 74.501. Claim Filed With Comptroller
Section 74.502. Claim Filed With Holder
Section 74.503. Waiver of Claim Requirement
Section 74.507. Assistance of Claimant; Fee for Recovery
Section 74.508. Claim of Another State to Recover Property; Procedure
Section 74.509. Handling Fee for Processing Unclaimed Property