Texas Business Organizations Code 11.354 – Payment From Account by Comptroller
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(a) To claim money deposited in an account under § 11.352, a person must submit to the comptroller satisfactory written proof of the person’s right to the money not later than the seventh anniversary of the date the money was deposited with the comptroller.
(b) The comptroller shall issue a warrant drawn on the account created under § 11.352 in favor of a person who meets the requirements for making a claim under Subsection (a) and in the amount to which the person is entitled.
Terms Used In Texas Business Organizations Code 11.354
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Person: means an individual or a corporation, partnership, limited liability company, business trust, trust, association, or other organization, estate, government or governmental subdivision or agency, or other legal entity, or a protected series or registered series of a domestic limited liability company or foreign entity. See Texas Business Organizations Code 1.002
- written: means an expression of words, letters, characters, numbers, symbols, figures, or other textual information that is inscribed on a tangible medium or that is stored in an electronic or other medium that is retrievable in a perceivable form. See Texas Business Organizations Code 1.002