True or False: If an abandoned motor vehicle is not claimed, the owner or lien holder waives all rights and interests to the item.

The statement is true because, under Texas law, if an abandoned motor vehicle is not claimed within a specific period, the owner or lienholder indeed waives all rights and interests in that vehicle. This process typically follows established legal procedures that allow law enforcement or relevant authorities to take possession of and dispose of the abandoned vehicle after proper notice has been given.

In the context of abandoned vehicles, the law is designed to provide clarity on ownership and responsibility. When the vehicle goes unclaimed for a certain number of days, it indicates that the owner or lienholder has forfeited their rights to the vehicle. This serves the public interest by allowing abandoned vehicles to be removed and properly managed, ensuring that they do not become a nuisance or hazard.

Other options may imply conditions or suggest that rights can still remain under specific circumstances, but the straightforward application of Texas law confirms that claiming rights after the abandonment period lapses is typically not possible. Thus, the original statement holds true within the framework of these regulations.