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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Unless there is a written unexpired loan agreement to the contrary, any property on loan to a museum for 15 years or more and to which no person has made claim according to the records of the museum is considered abandoned and, notwithstanding Chapter 72, becomes the property of the museum if the museum has given the lender notice in accordance with Section 80.003.
(b) If no valid claim has been made to the property within 65 days after the date of the last notice given under Section 80.003, title to the property vests in the museum free from all claims of the owner and all persons claiming through or under the owner.
Cite this article: FindLaw.com - Texas Property Code - PROP § 80.004. Abandoned Property; Notice; Title to Property - last updated January 01, 2024 | https://codes.findlaw.com/tx/property-code/prop-sect-80-004/
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.
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