Sec. 36.311. PRIORITY OF CLAIMS AGAINST INSURED BANK. The distribution of assets from the estate of a bank the 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.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Chapter 36 - Dissolution and Receivership
Subchapter D. Claims Against Receivership Estate
Section 36.302. Proof of Claim
Section 36.303. Judgment as Proof of Claim
Section 36.305. Unliquidated or Undetermined Claim
Section 36.307. Action on Claim
Section 36.308. Objection to Approved Claim
Section 36.309. Appeal of Rejected Claim
Section 36.310. Payment of Claim
Section 36.311. Priority of Claims Against Insured Bank