Tex. Fin. Code § 186.301 · Subchapter D. CLAIMS AGAINST RECEIVERSHIP ESTATE
FILING CLAIM.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section applies only to a claim by a person, other than a shareholder, participant, or participant-transferee acting in that capacity, who has a claim against a state trust company in liquidation, including a claimant with a secured claim or a claimant under a fiduciary relationship that has been ordered by the receiver to file a claim pursuant to Section 186.223.
(b) To receive payment of a claim, the person must present proof of the claim to the receiver:
(1) at a place specified by the receiver; and
(2) within the period specified by the receiver under Section 186.205.
(c) Receipt of the required proof of claim by the receiver is a condition precedent to the payment of the claim.
(d) A claim that is not filed within the period specified by the receiver may not participate in a distribution of the assets by the receiver, except that, subject to court approval, the receiver may accept a claim filed not later than the 180th day after the date notice of the claimant's right to file a proof of claim is mailed to the claimant.
(e) A claim accepted under this section and approved is subordinate to an approved claim of a general creditor.
(f) Interest does not accrue on a claim after the date the state trust company is closed for liquidation.
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 67aa1e7916eb3b8afc715f9094880b74131f52e8c486ec6927a0a50e887c27c4
- 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
This section cites
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