Sec. 96.306. PRIORITY OF CLAIMS. When a savings bank is liquidated, claims for payment have the same priority that similar claims have when a federal savings bank is liquidated 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 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