The expiration, on or after September 1, 1987, of any period specified by contract, statute, or court order, during which an action or proceeding may be initiated or enforced to obtain payment of a claim for money or recovery of property, does not prevent the money or property from being presumed abandoned property and does not affect any duty to file a report required by this chapter or to pay or deliver abandoned property to the comptroller.
Tex. Prop. Code § 74.308
PERIOD OF LIMITATION NOT A BAR
Applied in 2 court decisions — leading case State v. Highland Homes, Ltd. (2012)
Most recently applied in Highland Homes Ltd. v. State (August 2014)
Added by Acts 1987, 70th Leg., ch. 426, Sec. 5, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.