Sec. 126.306. BARRED CLAIMS. (a) A claim not filed before the liquidating agent pays the final liquidation dividend is barred.
(b) A claim rejected by the liquidating agent is barred unless suit to appeal the liquidating agent's rejection is filed within three months after the date of notice of rejection.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 126 - Credit Union Supervision and Regulation
Subchapter G. Claims Relating to Credit Union in Liquidation
Section 126.301. Claims Against Credit Union
Section 126.302. Notice to Creditors and Members
Section 126.303. Priority of Claims
Section 126.304. Liquidation Dividends
Section 126.305. Payment of Claims in "No Publication" Liquidation