Tex. Fin. Code § 186.001 · Subchapter A. GENERAL PROVISIONS
DEFINITION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this chapter, "administrative expense" means:
(1) an expense designated as an administrative expense by Subchapter C or D;
(2) court costs and expenses of operation and liquidation of a state trust company estate;
(3) wages owed to an employee of a state trust company for services rendered within three months before the date the state trust company was closed for liquidation and not exceeding:
(A) $2,000 to each employee; or
(B) another amount set by rules adopted under this subtitle;
(4) current wages owed to a state trust company employee whose services are retained by the receiver for services rendered after the date the state trust company is closed for liquidation;
(5) an unpaid expense of supervision or conservatorship of the state trust company before its closing for liquidation; and
(6) any unpaid fees or assessments owed to the department.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.186.htm
- Text hash
- sha256 e2eb0d46befcc091c673ba9d64ae2cab6af3b36aa3ddf3d450df7443e6978e1b
- 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.