Sec. 66.304. NOTICE. (a) Under the commissioner's supervision, the liquidating agent shall give notice to creditors and savings account holders directing them to present and prove their claims and requiring them to file a written proof of claim at the address designated in the notice.
(b) The notice shall be published once a week for three successive weeks in a newspaper of general circulation in each county in which the association maintained an office or branch to transact business on the date the association ceased unrestricted operations.
(c) Not later than the 30th day after the date on which the notice is first published, the liquidating agent shall mail a similar notice to each depositor and creditor named in the books of the association at the address shown in those books.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 3 - Financial Institutions and Businesses
Subtitle B - Savings and Loan Associations
Chapter 66 - Enforcement and Regulation
Section 66.301. Liquidation of Association
Section 66.302. Removal or Replacement of Liquidating Agent
Section 66.303. Duties of Liquidating Agent
Section 66.305. Presentation of Claim
Section 66.306. Priority of Claims
Section 66.307. Action on Claim
Section 66.308. Hearing on Claim; Appeal of Adverse Determination of Claim
Section 66.309. Payment of Final Dividend
Section 66.310. Deposit of Money by Liquidating Agent
Section 66.311. Payment of Nonclaiming Depositors and Creditors
Section 66.312. Cost of Liquidation
Section 66.314. Continued Existence of Association Following Liquidation
Section 66.315. Special Liquidating Agent