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HB 1, 57th 3rd C.S.

Relating to amending a certain Statute to protect and preserve dormant deposits and inactive accounts held by depository; prohibiting the conversion or reduction of such accounts while in dormant or inactive status; requiring advertising for lost owners and reporting to the State of certain accounts of owners who cannot be located; creation of State Conservator Fund; transfer of funds liquidated depositories held by State Banking Commissioner; providing penalties.

Author: Charles Ervin Hughes
Coauthor: Ted B. Springer | Paul Byrne Haring | Robert Christian "Bob" Eckhardt | Joseph Daniel Struve

Session Law Chapter:
Acts 1962, 57th 3rd C.S.,ch. 3, General and Special Laws of Texas

Subjects:
Financial--General
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