Tex. Prop. Code § 74.708
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A holder who on March 1 holds property presumed abandoned under Chapters 72-75 holds the property in trust for the benefit of the state on behalf of the missing owner and is liable to the state for the full value of the property, plus any accrued interest and penalty. A holder is not required by this section to segregate or establish trust accounts for the property provided the property is timely delivered to the comptroller in accordance with Section 74.301.
Tex. Prop. Code § 74.708