Shell Oil Company v. State

TUNKS, Chief Justice.

Pursuant to Article 3272a, Vernon’s Ann.Tex.Civ.St., the statute relating to “Personal property subject to escheat” enacted in 1961, the appellant, Shell Oil Company, in 1962, 1963 and 1964 duly filed its reports listing certain properties in its possession which were derived from mineral proceeds. Each of the items so reported was described as cash from production income. As to each item it was listed as having accumulated during a period not less than seven years previously. Each of the items so listed was “subject to escheat” as that term is defined in Section 1,…