Terms Used In Texas Special District Local Laws Code 3916.351

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. ^{Source: OCC}