State v. Highland Homes, Ltd.
417 S.W.3d 478 | Texas Court of Appeals, 8th District (El Paso) | 2012
Holding Summary
Trial court abused its discretion by approving settlement provisions that created a ninety-day check expiration and cy pres distribution to charity, violating Texas unclaimed property law's anti-limitation and anti-escheat provisions.
Private agreements cannot circumvent Texas unclaimed property law through expiration dates or cy pres distributions.
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