Texas § PR.76.601 - FUND
Full text of Texas The Texas Constitution § PR.76.601 — FUND, with citation guidance and answers to common questions.
§ PR.76.601. FUND
FUND. (a) The treasurer of the holder shall maintain a fund known as the unclaimed money fund. (b) The treasurer of the holder shall deposit to the credit of the fund: (1) all funds, including marketable securities, delivered to the treasurer of the holder under this chapter or any other statute requiring the delivery of unclaimed property to the treasurer of the holder; (2) all proceeds from the sale of any property, including marketable securities, under this chapter; and (3) any income derived from investments of the fund. (c) The treasurer of the holder shall keep a separate record and accounting for delivered unclaimed property, other than money, before its sale. (d) The treasurer of the holder shall from time to time invest the amount in the unclaimed money fund in investments approved by law for the investment of funds by the holder. (e) The treasurer of the holder may from time to time sell securities in the fund, including stocks, bonds, and mutual funds, and use the proceeds to buy, exchange, invest, or reinvest in marketable securities. When making the investments, the treasurer of the holder shall exercise the judgment and care of a prudent person. (f) The treasurer of the holder shall keep a separate record and accounting for securities delivered, sold, purchased, or exchanged and the proceeds and earnings from the securities. Added by Acts 1997, 75th Leg., ch. 1037, Sec. 38, eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § PR.76.601
What does The Texas Constitution § PR.76.601 cover?
Section PR.76.601 ("FUND") 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.76.601?
A common citation format is "The Texas Constitution § PR.76.601" (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.76.601 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.