HB578 — Relating to the characterization of certain membership initiation payments as abandoned property.

HB578 — Relating to the characterization of certain membership initiation payments as abandoned property. · Informed CitizenryThe bill amends the Property Code to address membership initiation payments and abandoned property. Section 72.101(a) is amended to define when personal property is presumed abandoned: if the owner…Open in Informed Citizenry