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A BILL TO BE ENTITLED
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AN ACT
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relating to the presumption of abandonment of certain tangible |
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personal property held by a county. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 72.101(a), Property Code, is amended to |
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read as follows: |
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(a) Except as provided by this section and Sections 72.1015, |
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72.1016, 72.1017, [and] 72.102, and 72.104, personal property is |
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presumed abandoned if, for longer than three years: |
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(1) the existence and location of the owner of the |
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property is unknown to the holder of the property; and |
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(2) according to the knowledge and records of the |
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holder of the property, a claim to the property has not been |
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asserted or an act of ownership of the property has not been |
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exercised. |
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SECTION 2. Subchapter B, Chapter 72, Property Code, is |
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amended by adding Section 72.104 to read as follows: |
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Sec. 72.104. TANGIBLE PERSONAL PROPERTY HELD BY COUNTY. |
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Tangible personal property that is found on county land or in a |
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county park, facility, or right-of-way is presumed abandoned if, |
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for longer than 60 days: |
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(1) the personal property is held by the county; |
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(2) the existence and location of the owner of the |
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personal property is unknown to the county; and |
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(3) according to the knowledge and records of the |
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county, a claim to the personal property has not been asserted or an |
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act of ownership of the personal property has not been exercised. |
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SECTION 3. This Act takes effect September 1, 2015. |