Tex. Bus. Orgs. Code Section 11.352
Deposit with Comptroller of Amount Due Owners and Creditors Who Are Unknown or Cannot Be Located


(a)

On the voluntary or involuntary termination of a domestic filing entity, the portion of the entity’s assets distributable to creditors or owners who are unknown or cannot be found after the exercise of reasonable diligence by a person responsible for the distribution in liquidation of the domestic filing entity’s assets must be reduced to cash and deposited as provided by Subsection (b).

(b)

Money from assets liquidated under Subsection (a) shall be deposited with the comptroller in a special account to be maintained by the comptroller. The money must be accompanied by a statement to the comptroller containing:

(1)

the name and last known address of each person who is known to be entitled to all or part of the account;

(2)

the amount of each entitled person’s distributive portion of the money; and

(3)

other information about each person who is entitled to all or part of the money as the comptroller may reasonably require.

(c)

The comptroller shall issue a receipt for money received under this section.
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.

Source: Section 11.352 — Deposit with Comptroller of Amount Due Owners and Creditors Who Are Unknown or Cannot Be Located, https://statutes.­capitol.­texas.­gov/Docs/BO/htm/BO.­11.­htm#11.­352 (accessed Mar. 16, 2024).

11.001
Definitions
11.051
Event Requiring Winding up of Domestic Entity
11.052
Winding up Procedures
11.053
Property Applied to Discharge Liabilities and Obligations
11.054
Court Supervision of Winding up Process
11.055
Court Action or Proceeding During Winding up
11.056
Supplemental Provisions for Limited Liability Company
11.057
Supplemental Provisions for Domestic General Partnership
11.058
Supplemental Provision for Limited Partnership
11.059
Supplemental Provisions for Corporations
11.101
Certificate of Termination for Filing Entity
11.102
Effectiveness of Termination of Filing Entity
11.103
Effectiveness of Termination of Nonfiling Entity
11.104
Action by Secretary of State
11.105
Supplemental Information Required by Certificate of Termination of Nonprofit Corporation
11.151
Revocation of Voluntary Winding up
11.152
Continuation of Business Without Winding up
11.153
Court Revocation of Fraudulent Termination
11.201
Conditions for Reinstatement
11.202
Procedures for Reinstatement
11.203
Use of Distinguishable Name Required
11.204
Effectiveness of Reinstatement of Nonfiling Entity
11.205
Effectiveness of Reinstatement of Filing Entity
11.206
Effect of Reinstatement
11.251
Termination of Filing Entity by Secretary of State
11.252
Certificate of Termination
11.253
Reinstatement by Secretary of State After Involuntary Termination
11.254
Reinstatement of Certificate of Formation Following Tax Forfeiture
11.255
Reinstatement of Certificate of Formation Following Failure to Revive
11.301
Involuntary Winding up and Termination of Filing Entity by Court Action
11.302
Notification of Cause by Secretary of State
11.303
Filing of Action by Attorney General
11.304
Cure Before Final Judgment
11.305
Judgment Requiring Winding up and Termination
11.306
Stay of Judgment
11.307
Opportunity for Cure After Affirmation of Findings by Appeals Court
11.308
Jurisdiction and Venue
11.309
Process in State Action
11.310
Publication of Notice
11.311
Action Allowed After Expiration of Filing Entity’s Duration
11.312
Compliance by Terminated Entity
11.313
Timing of Termination
11.314
Involuntary Winding up and Termination of Partnership or Limited Liability Company
11.315
Filing of Decree of Termination Against Filing Entity
11.351
Liability of Terminated Filing Entity
11.352
Deposit with Comptroller of Amount Due Owners and Creditors Who Are Unknown or Cannot Be Located
11.353
Discharge of Liability of Person Responsible for Liquidation
11.354
Payment from Account by Comptroller
11.355
Notice of Escheat
11.356
Limited Survival After Termination
11.357
Governing Persons of Entity During Limited Survival
11.358
Accelerated Procedure for Existing Claim Resolution
11.359
Extinguishment of Existing Claim
11.401
Code Governs
11.402
Jurisdiction to Appoint Receiver
11.403
Appointment of Receiver for Specific Property
11.404
Appointment of Receiver to Rehabilitate Domestic Entity
11.405
Appointment of Receiver to Liquidate Domestic Entity
11.406
Receivers: Qualifications, Powers, and Duties
11.407
Court-ordered Filing of Claims
11.408
Supervising Court
11.409
Ancillary Receiverships of Foreign Entities
11.410
Receivership for All Property and Business of Foreign Entity
11.411
Governing Persons and Owners Not Necessary Parties Defendant
11.412
Decree of Involuntary Termination
11.413
Supplemental Provisions for Application of Proceeds from Liquidation of Nonprofit Corporation
11.414
Filing of Decree of Involuntary Termination Against Filing Entity

Accessed:
Mar. 16, 2024

§ 11.352’s source at texas​.gov