{"data":{"id":"us-tx/tex.-finance-code-66.311","jurisdiction":"us-tx","citation":"Tex. Finance Code § 66.311","heading":"PAYMENT OF NONCLAIMING DEPOSITORS AND CREDITORS.","body":"(a) Except as provided by Subsection (b), the liquidating agent, on demand, shall pay a depositor or creditor of the association who does not make a claim under Section 66.305 any amount held by the liquidating agent for the benefit of the depositor or creditor.\n(b) If the liquidating agent has a doubt about the identity of a claimant or the claimant's right to the money, the liquidating agent shall reject the claim and notify the claimant by registered mail.\n(c) The liquidating agent's rejection of a claim becomes final if the claimant does not file suit against the liquidating agent to recover the money in a district court of Travis County within three months after the date on which the notice is mailed.\n(d) A suit under Subsection (c) is an action in rem. Judgment is binding on all persons interested in the money.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES","SUBTITLE B. SAVINGS AND LOAN ASSOCIATIONS","CHAPTER 66. ENFORCEMENT AND REGULATION","SUBCHAPTER G. LIQUIDATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.66.htm#66.311","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"3be9c150e7b47587261ca4f1c3b8cb71f1f80db903c8ad803378e10ea5db1cf7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-66.310","next":"us-tx/tex.-finance-code-66.312"},"notice":"GroundRules: Original legal text. Not legal advice."}