Texas Finance Code - Section 36.001. Definition
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§ 36.001. DEFINITION. In this chapter, "administrative
expense" means:
(1) an expense designated as an administrative expense
by Subchapter C or D;
(2) court costs and expenses of operation and
liquidation of a bank estate;
(3) wages owed to an employee of a bank for services
rendered within three months before the date the bank was closed for
liquidation and not exceeding:
(A) $2,000 to each employee; or
(B) another amount set by rules adopted under
this subtitle;
(4) current wages owed to a bank employee whose
services are retained by the receiver for services rendered after
the date the bank is closed for liquidation;
(5) an unpaid expense of supervision or
conservatorship of the bank before its closing for liquidation;
and
(6) any unpaid fees or assessments owed to the
department.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 35.207 35.208 35.209 35.210 35.211 35.212 35.213 36.001 36.002 36.003 36.004 36.005 36.101 36.102 36.103
Last modified: August 10, 2007
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