{"data":{"id":"us-tx/tex.-finance-code-186.001","jurisdiction":"us-tx","citation":"Tex. Finance Code § 186.001","heading":"DEFINITION.","body":"In this chapter, \"administrative expense\" means:\n(1) an expense designated as an administrative expense by Subchapter C or D;\n(2) court costs and expenses of operation and liquidation of a state trust company estate;\n(3) wages owed to an employee of a state trust company for services rendered within three months before the date the state trust company was closed for liquidation and not exceeding:\n(A) $2,000 to each employee; or\n(B) another amount set by rules adopted under this subtitle;\n(4) current wages owed to a state trust company employee whose services are retained by the receiver for services rendered after the date the state trust company is closed for liquidation;\n(5) an unpaid expense of supervision or conservatorship of the state trust company before its closing for liquidation; and\n(6) any unpaid fees or assessments owed to the department.\nAdded by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE F. TRUST COMPANIES","CHAPTER 186. DISSOLUTION AND RECEIVERSHIP","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.186.htm#186.001","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"a55495adf739b0e6a265aa7c771babfbed5d13a241b6dd5b87fa8bbce90f6c2d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-185.212","next":"us-tx/tex.-finance-code-186.002"},"notice":"GroundRules: Original legal text. Not legal advice."}