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

Tex. Finance Code § 186.311: PRIORITY OF CLAIMS AGAINST INSURED STATE TRUST COMPANY.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE F. TRUST COMPANIES
CHAPTER 186. DISSOLUTION AND RECEIVERSHIP
SUBCHAPTER D. CLAIMS AGAINST RECEIVERSHIP ESTATE

The distribution of assets from the estate of a state trust company the trust 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.

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.

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

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