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Texas Unclaimed Property |
Texas Unclaimed Property refers to financial assets that have never been claimed by the owners and left abandoned at the holders for several years. The examples of unclaimed property in the state of Texas include bank accounts, stocks, safe deposit box contents, insurance proceeds, mineral interest, escrow accounts, mutual fund accounts, dividend, bonds, cashier's checks, trust funds, court deposits and so on.
Texas Unclaimed Property Reporting
It is the Texas Unclaimed Property Laws that make it necessary for the financial institutions, government entities and other businesses to report to the state regarding the unclaimed property they are holding for a certain period of time. Unclaimed assets and funds are turned over to the Texas Comptroller's Office, who is responsible for the administration of unclaimed property program. The TX Unclaimed Property, thus transferred to the office, never comes under the ownership of the state. On the other hand, it is always available for the rightful owners to make a claim.
Texas Unclaimed Property Search
The Texas Unclaimed Property Division makes every possible effort to find the owners of unclaimed property. Every year an advertisement is published in newspapers listing the owner names of recently added unclaimed property. Besides, resources are made available at the annual Fair in the state of Texas to conduct searches for Texas Comptroller Unclaimed Money and Funds. Notices are also sent to owners reported with last known addresses. |
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A database search is also made possible on its official website. You can easily conduct a search for your lost property through this database using different combinations of your names. If your property is located in other states, you can make use of the national database of unclaimed property, which is made available through MissingMoney.com.
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