An individual is presumed dead for the purpose of determining if the individual's real or personal property is subject to escheat if the individual:

1. (1) is absent from the individual's place of residence for seven years or longer; and
2. (2) is not known to exist.

Acts 1983, 68th Leg., p. 3585, ch. 576, Sec. 1, eff. Jan. 1, 1984.

Amended by Acts 1985, 69th Leg., ch. 230, Sec. 3, eff. Sept. 1, 1985.