Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Property Code § 74.405: DISPOSITION OF SECURITIES.

Where this section sits in the code

PROPERTY CODE
TITLE 6. UNCLAIMED PROPERTY
CHAPTER 74. REPORT, DELIVERY, AND CLAIMS PROCESS
SUBCHAPTER E. DISPOSITION OF DELIVERED PROPERTY

(a) The comptroller may sell or otherwise liquidate a security delivered to the comptroller under this chapter.

(b) The comptroller may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The comptroller may sell a security not listed on an established exchange by any commercially reasonable method.

Added by Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514), Sec. 9, eff. May 18, 2021.

Collected 2026-08-27T01:47:37Z. Source file · JSON

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