Untitled Texas Attorney General Opinion

THE NEY GENERAL April 22, 1970 Honorable Jesse James Opinion No. M-614 State Treasurer Austin, Texas 78711 Re: Whether funds held in trust by a district or county clerk are subject to being reported as abandoned personal pro erty pursuant to Section Dear Mr. James: l(aP of Article 3272a, V.C.S. Your recent letter requesting the opinion of this office concerning the referenced matter states, In part, as follows: "Under Section l(a) of Article 3272a, your opinion is requested upon the following question: II e 0 . Are funds held In truet by a District Clerk and/or County Clerk in the State of Texas, subject to being reported as abandoned personal property under the provisions of Article 3272a, Vernon's Civil Statutes?" In defining the 'person" who may hold and report personal property subject to escheat pursuant to Article 3272a, Vernon's Civil Statutes, Section l(a) of that Article provides as follows: "The term 'person' as used In this Article means any individual, corporation, business as- sociation, partnership, governmental or political subdivision or officer, public authority, estate, trust, trustee, officer of a court, liquidator, two (2) or more persons avlng a joint or common f.;f.;‘,;s”,,: o;l~~:,~~h~‘,t:%al~~~~~~~~~~, fsz;;;;; and loan associations, banicingorganlzat;ons or Institutions." (Emphasis added.) It is our opinion that the underscored provisions of Section l(a) of Article 3272a, supra, clearly encompass district -2933- Hon. Jesse James, page 2 (~-614) and county clerks in their purview, and consequently those funds which are subject to escheat and held in trust by such officers are subject to being reported as abandoned personal property pursuant to said Article. Accordingly, your question Is answered In the affirmative. SUMMARY Funds subject to escheat and held In trust by a district or county clerk are subject to being reported as abandoned personal property pursuant to Section l(a) of Article 3272 Vernon's Civil Statutes. f Texas Prepared by Austin C. Bray, Jr. Assistant Attorney Qeneral APPROVED: OPINION COMMITTEE Kerns Taylor, Chairman W. E. Allen, Acting Co-Chairman Houghton Brownlee John Grace John Banks Roland Allen MEADE F. GRIFFIN Staff Legal Assistant ALFRED WALKER Executive Assistant NOLA WHITE First Assistant -2934-