Tex. Civ. Prac. & Rem. Code § 64.074 · Subchapter E. PROVISIONS RELATING TO RECEIVERSHIP OF CORPORATIONS
CLAIMS PREFERENCE AGAINST CURRENT EARNINGS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A judgment or claim existing against a corporation at the time the receiver is appointed or a judgment in an action existing at that time shall be paid out of the earnings of the corporation earned during the receivership in preference to the mortgage of a mortgagee who instituted the receivership. The judgment or claim is a lien on those earnings.
Notes and commentary — not statutory text
History
Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. Sept. 1, 1985.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/CP/htm/CP.64.htm
- Text hash
- sha256 3026549e1264300abd4b0c134cdd32d7fcaaa2a3fe5d40dcdf2192735015488b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.