Texas § PR.74.401 - SALE OF PROPERTY
Full text of Texas The Texas Constitution § PR.74.401 — SALE OF PROPERTY, with citation guidance and answers to common questions.
§ PR.74.401. SALE OF PROPERTY
SALE OF PROPERTY. (a) Except as provided by Section 74.404 , the comptroller may sell at public sale any personal property, other than money and marketable securities, delivered to the comptroller in accordance with Section 74.301 . The comptroller may conduct the sale at the location and in the manner that the comptroller determines affords the most favorable market for the particular property. (b) The comptroller shall sell the property to the highest bidder. If the comptroller determines that the highest bid is insufficient, the comptroller may decline that bid and offer the property for public or private sale. (c) Repealed by Acts 2019, 86th Leg., R.S., Ch. 897 (H.B. 3598 ), Sec. 13, eff. June 10, 2019. (d) If after investigation the comptroller determines that property delivered under this chapter is not marketable or has insubstantial commercial value, the comptroller may destroy or otherwise dispose of the property at any time. (e) A person may not maintain any action or proceeding against the state, an officer of the state, or the holder of property because of an action taken by the comptroller under this section. Added by Acts 1985, 69th Leg., ch. 230, Sec. 17, eff. Sept. 1, 1985. Amended by Acts 1993, 73rd Leg., ch. 36, Sec. 3.04, eff. Sept. 1, 1993; Acts 1997, 75th Leg., ch. 1037, Sec. 26, eff. Sept. 1, 1997; Acts 1997, 75th Leg., ch. 1423, Sec. 16.21, eff. Sept. 1, 1997; Acts 2001, 77th Leg., ch. 800, Sec. 1, eff. Sept. 1, 2001. Amended by: Acts 2019, 86th Leg., R.S., Ch. 897 (H.B. 3598 ), Sec. 6, eff. June 10, 2019. Acts 2019, 86th Leg., R.S., Ch. 897 (H.B. 3598 ), Sec. 13, eff. June 10, 2019. Acts 2021, 87th Leg., R.S., Ch. 52 (H.B. 1514 ), Sec. 8, eff. May 18, 2021.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § PR.74.401
What does The Texas Constitution § PR.74.401 cover?
Section PR.74.401 ("SALE OF PROPERTY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § PR.74.401?
A common citation format is "The Texas Constitution § PR.74.401" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § PR.74.401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.