Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 126.305: PAYMENT OF CLAIMS IN "NO PUBLICATION" LIQUIDATION.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE D. CREDIT UNIONS
CHAPTER 126. CREDIT UNION SUPERVISION AND REGULATION
SUBCHAPTER G. CLAIMS RELATING TO CREDIT UNION IN LIQUIDATION

(a) In a "no publication" liquidation, the liquidating agent shall determine from all sources available, and within the limits of the credit union's available money, the amounts due to creditors and members.

(b) Not earlier than the 61st day after the date on which the liquidating agent is appointed, the liquidating agent shall distribute the credit union's money to creditors and members ratably and as their interests appear.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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