{"data":{"id":"us-tx/tex.-finance-code-126.304","jurisdiction":"us-tx","citation":"Tex. Finance Code § 126.304","heading":"LIQUIDATION DIVIDENDS.","body":"(a) The liquidating agent from time to time shall make a ratable liquidation dividend on claims that have been:\n(1) proved to the satisfaction of the board or the liquidating agent; or\n(2) adjusted by a court.\n(b) After the credit union's assets have been liquidated, the liquidating agent shall make further liquidation dividends on claims previously proved or adjusted.\n(c) For purposes of making a further liquidation dividend under Subsection (b), the liquidating agent may accept the statement of an amount due a claimant as shown on the credit union's books and records instead of a formal proof of claim filed on the claimant's behalf.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.126.htm#126.304","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"a19e77c6bb61401c56c2030c1997bd21417ad36dcfeb30453dec46991bb9bd33","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-126.303","next":"us-tx/tex.-finance-code-126.305"},"notice":"GroundRules: Original legal text. Not legal advice."}