Tex. Fin. Code § 126.301 · Subchapter G. CLAIMS RELATING TO CREDIT UNION IN LIQUIDATION
CLAIMS AGAINST CREDIT UNION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The liquidating agent shall:
(1) determine the existence and amount of claims;
(2) allow proved claims of security, preference, or priority;
(3) settle or release a claim in favor of or against the credit union;
(4) disallow unproved claims of security, preference, or priority; and
(5) make distributions to and pay creditors and members of the credit union as their interests appear.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.126.htm
- Text hash
- sha256 602193ea453f706c0feecd7d92bb762e78f0bae1e441b9b0f462a760e0d57673
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 126.301. Each shows the citation as that text prints it.
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.