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Terms Used In Texas Property Code 75.102

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Property: means real and personal property. See Texas Government Code 311.005

A holder of abandoned property shall preserve that property and may not by any procedure, including a deduction for service, maintenance, or other charge, transfer, convert, or reduce the property to the profits or assets of the holder.

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