Tex. Finance Code § 126.305
This is the official text of Tex. Finance Code § 126.305, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 126.305. PAYMENT OF CLAIMS IN "NO PUBLICATION" LIQUIDATION.
Official statutory text
(a) In a "no publication" liquidation, the liquidating agent shall determine from all sources available, and within the limits of the credit union's available money, the amounts due to creditors and members.
(b) Not earlier than the 61st day after the date on which the liquidating agent is appointed, the liquidating agent shall distribute the credit union's money to creditors and members ratably and as their interests appear.
(b) Not earlier than the 61st day after the date on which the liquidating agent is appointed, the liquidating agent shall distribute the credit union's money to creditors and members ratably and as their interests appear.
Status: in_force · Read it on the official government site
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