Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A traveler's check or money order is not presumed to be abandoned under this chapter unless:
(1) the records of the issuer of the check or money order indicate that it was purchased in this state;
(2) the issuer's principal place of business is in this state and the issuer's records do not indicate the state in which the check or money order was purchased; or
(3) the issuer's principal place of business is in this state, the issuer's records indicate that the check or money order was purchased in another state, and the laws of that state do not provide for the escheat or custodial taking of the check or money order.
(b) A traveler's check to which Subsection (a) applies is presumed to be abandoned on the latest of:
(1) the 15th anniversary of the date on which the check was issued;
(2) the 15th anniversary of the date on which the issuer of the check last received from the owner of the check communication concerning the check; or
(3) the 15th anniversary of the date of the last writing, on file with the issuer, that indicates the owner's interest in the check.
(c) A money order to which Subsection (a) applies is presumed to be abandoned on the latest of:
(1) the third anniversary of the date on which the money order was issued;
(2) the third anniversary of the date on which the issuer of the money order last received from the owner of the money order communication concerning the money order; or
(3) the third anniversary of the date of the last writing, on file with the issuer, that indicates the owner's interest in the money order.
Cite this article: FindLaw.com - Texas Property Code - PROP § 72.102. Traveler's Check and Money Order - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-72-102/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)