Texas Alcoholic Beverage Code 103.20 – Disposition of Forfeited Property
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(a) The commission may sell property, other than proceeds in escrow, forfeited to the state at a public or private sale in the manner the commission considers best.
(b) If in the opinion of the commission or the administrator the property is needed for the use of the commission, the commission may retain and use the property until it is no longer needed, at which time it shall be sold in accordance with Subsection (a) of this section.
Terms Used In Texas Alcoholic Beverage Code 103.20
- Commission: means the Texas Alcoholic Beverage Commission. See Texas Alcoholic Beverage Code 1.04
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Property: means real and personal property. See Texas Government Code 311.005