{"data":{"id":"us-tx/tex.-finance-code-96.402","jurisdiction":"us-tx","citation":"Tex. Finance Code § 96.402","heading":"PAYMENT OF INSURED DEPOSIT LIABILITIES BY FDIC.","body":"If the Federal Deposit Insurance Corporation pays the insured deposit liabilities of a savings bank that has been closed or is being liquidated under this chapter, regardless of whether the Federal Deposit Insurance Corporation has become receiver or liquidating agent, the Federal Deposit Insurance Corporation is subrogated, to the extent of the payment, to all rights that the owners of the deposit accounts have against the savings bank.\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 I. MISCELLANEOUS PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.96.htm#96.402","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"c32152ff0e38e5ab139c2aedfcea28ab3fb017910cb5d3d6f15e403ec3912ef9","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-96.401","next":"us-tx/tex.-finance-code-96.403"},"notice":"GroundRules: Original legal text. Not legal advice."}