Sec. 96.304. NOTICE. (a) Under the commissioner's supervision, the liquidating agent shall give notice to creditors and deposit 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 savings bank maintained an office or branch to transact business on the date the savings bank 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 savings bank 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
Chapter 96 - Supervision and Regulation
Section 96.301. Liquidation of Savings Bank
Section 96.302. Removal or Replacement of Liquidating Agent
Section 96.303. Duties of Liquidating Agent
Section 96.305. Presentation of Claim
Section 96.306. Priority of Claims
Section 96.307. Action on Claim
Section 96.308. Hearing on Claim; Appeal of Adverse Determination of Claim
Section 96.309. Payment of Final Dividend
Section 96.310. Deposit of Money by Liquidating Agent
Section 96.311. Payment of Nonclaiming Deposit Account Holders and Creditors
Section 96.312. Cost of Liquidation
Section 96.314. Continued Existence of Savings Bank Following Liquidation
Section 96.315. Special Liquidating Agent