Texas Property Code 73.002 – Depository
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Terms Used In Texas Property Code 73.002
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Personal property: All property that is not real property.
- Property: means real and personal property. See Texas Government Code 311.005
For the purposes of this chapter, a depository is a bank, savings and loan association, credit union, or other banking organization that:
(1) receives and holds a deposit of money or the equivalent of money in banking practice or other personal property in this state; or
(2) receives and holds such a deposit or other personal property in another state for a person whose last known residence is in this state.