59 cash for Dummies
59 cash for Dummies
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(two) transfer the depository account or assets into a segregated desire-bearing account while in the identify from the lawyer symbolizing the condition as trustee, to stay within the account right until the time has expired for an charm from a call of the court referring to the forfeiture of accounts or property underneath Posting fifty nine.05.
(e) On motion by any party or within the motion in the court, right after observe within the method furnished by Post fifty nine.04 of the code to all identified proprietors and interest holders of residence matter to forfeiture below this chapter, and after a Listening to over the subject, the court may well make correct orders to protect and keep the worth from the residence right until a closing disposition on the home is created underneath this chapter, including the sale of your property if that is the only process by which the worth from the home can be preserved right up until ultimate disposition.
(b) A peace officer who identifies contraband described by Subsection (a) shall give the attorney representing the state a sworn assertion that identifies the contraband and The explanations the contraband is topic to seizure.
After transferring profits into the legal professional standard, the attorney with the condition shall transfer the remainder of the proceeds with the sale on the owner of the residence. The attorney with the condition, the attorney normal, or simply a person who may be entitled to say funds in the escrow account explained by Subdivision (3) in pleasure of a declare could Anytime deliver an motion to enjoin the squander of revenue explained by this subdivision.
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Direct Deposit – That is an electronic funds transfer directly to a banking account, so paper Look at is not needed.
Simple fascination – The fascination is computed on the basis of fantastic so long as some portions continue being nonetheless unpaid.
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(d) Proceeds awarded less than this chapter to your legislation enforcement company or on the attorney symbolizing the condition might be used because of the agency or maybe the attorney after a budget for that expenditure in the proceeds continues to be submitted into the commissioners courtroom or governing entire body on the municipality. The spending budget must be thorough and clearly listing and determine the types of expenditures, but might not record specifics that may endanger the security of an investigation or prosecution.
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