{"data":{"id":"us-tx/tex.-finance-code-96.311","jurisdiction":"us-tx","citation":"Tex. Finance Code § 96.311","heading":"PAYMENT OF NONCLAIMING DEPOSIT ACCOUNT HOLDERS AND CREDITORS.","body":"(a) Except as provided by Subsection (b), the liquidating agent, on demand, shall pay a deposit account holder or creditor of the savings bank who does not make a claim under Section 96.305 any amount held by the liquidating agent for the benefit of the deposit account holder 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 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 C. SAVINGS BANKS","CHAPTER 96. SUPERVISION AND REGULATION","SUBCHAPTER G. LIQUIDATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.96.htm#96.311","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"698f1356e2d17a7fdd7a2840fdb96962780c9a48c7d5a2b2e6ecdd7f15bd1ffe","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-96.310","next":"us-tx/tex.-finance-code-96.312"},"notice":"GroundRules: Original legal text. Not legal advice."}