Texas Property Code 71.007 – Identification of Real Property Subject to Escheat
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Terms Used In Texas Property Code 71.007
- 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
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
The tax assessor-collector of each county shall:
(1) take all steps necessary to identify real property that may be subject to escheat; and
(2) notify the commissioner of the General Land Office and the attorney general so that they may take appropriate action.