{"data":{"id":"us-tx/tex.-finance-code-186.301","jurisdiction":"us-tx","citation":"Tex. Finance Code § 186.301","heading":"FILING CLAIM.","body":"(a) This section applies only to a claim by a person, other than a shareholder, participant, or participant-transferee acting in that capacity, who has a claim against a state trust company in liquidation, including a claimant with a secured claim or a claimant under a fiduciary relationship that has been ordered by the receiver to file a claim pursuant to Section 186.223.\n(b) To receive payment of a claim, the person must present proof of the claim to the receiver:\n(1) at a place specified by the receiver; and\n(2) within the period specified by the receiver under Section 186.205.\n(c) Receipt of the required proof of claim by the receiver is a condition precedent to the payment of the claim.\n(d) A claim that is not filed within the period specified by the receiver may not participate in a distribution of the assets by the receiver, except that, subject to court approval, the receiver may accept a claim filed not later than the 180th day after the date notice of the claimant's right to file a proof of claim is mailed to the claimant.\n(e) A claim accepted under this section and approved is subordinate to an approved claim of a general creditor.\n(f) Interest does not accrue on a claim after the date the state trust company is closed for liquidation.\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 D. CLAIMS AGAINST RECEIVERSHIP ESTATE"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.186.htm#186.301","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"f1b17ea126148837e9c80328a78f4f89aa7d3f4f782c79445ed28765394012d9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-186.227","next":"us-tx/tex.-finance-code-186.302"},"notice":"GroundRules: Original legal text. Not legal advice."}