Sec. 186.311. PRIORITY OF CLAIMS AGAINST INSURED STATE TRUST COMPANY. The distribution of assets from the estate of a state trust company the trust deposits of which are insured by the Federal Deposit Insurance Corporation or its successor shall be made in the same order of priority as assets would be distributed on liquidation or purchase of assets and assumption of liabilities of a national bank under federal law.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 186 - Dissolution and Receivership
Subchapter D. Claims Against Receivership Estate
Section 186.302. Proof of Claim
Section 186.303. Judgment as Proof of Claim
Section 186.304. Secured Claim
Section 186.305. Unliquidated or Undetermined Claim
Section 186.307. Action on Claim
Section 186.308. Objection to Approved Claim
Section 186.309. Appeal of Rejected Claim
Section 186.310. Payment of Claim
Section 186.311. Priority of Claims Against Insured State Trust Company
Section 186.312. Priority of Claims Against Uninsured State Trust Company