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A BILL TO BE ENTITLED
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AN ACT
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relating to the reporting and delivery of certain unclaimed |
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property. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 76.101, Property Code, is amended to |
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read as follows: |
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Sec. 76.101. PROPERTY REPORT. (a) Each holder who on March |
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1 [June 30] holds property subject to this chapter shall file a |
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report of that property on or before the following July 1 [November
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1]. Each report shall be filed with the treasurer of the holder as |
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provided by this section and on forms prescribed by the treasurer of |
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the holder. |
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(b) A holder required by Subsection (a) to file a report |
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shall file a report each successive year regardless of whether the |
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holder has any reportable property on March 1 [June 30] of the year |
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in which the report is filed. |
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SECTION 2. Section 76.301(a), Property Code, is amended to |
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read as follows: |
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(a) Each holder who on March 1 [June 30] holds property that |
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is subject to this chapter shall deliver the property to the |
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treasurer of the holder on or before the following July 1 [November
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1] accompanied by the property report. |
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SECTION 3. This Act takes effect September 1, 2017. |