Texas Property Code Chapter 76 > Subchapter G – Unclaimed Money Fund
Current as of: 2024 | Check for updates
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Other versions
| § 76.601 | Fund |
| § 76.602 | Use of Fund |
| § 76.603 | Audit; Budget |
Terms Used In Texas Property Code Chapter 76 > Subchapter G - Unclaimed Money Fund
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- 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
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Statute: A law passed by a legislature.