Texas Finance Code - Section 36.207. Receiver's Title And Priority
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Texas Lawyer > Finance Code > Texas Finance Code - Section 36.207. Receiver's Title And Priority
§ 36.207. RECEIVER'S TITLE AND PRIORITY. (a) The
receiver has the title to all the bank's property, contracts, and
rights of action, wherever located, beginning on the date the bank
is closed for liquidation.
(b) The rights of the receiver have priority over a
contractual lien or statutory landlord's lien under Chapter 54,
Property Code, judgment lien, attachment lien, or voluntary lien
that arises after the date of the closing of the bank for
liquidation.
(c) The filing or recording of a receivership order in a
record office of this state gives the same notice that would be
given by a deed, bill of sale, or other evidence of title filed or
recorded by the bank in liquidation. The recording clerk shall
index a recorded receivership order in the records to which the
order relates.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 36.112 36.201 36.202 36.203 36.204 36.205 36.206 36.207 36.208 36.209 36.210 36.211 36.212 36.213 36.214
Last modified: August 10, 2007
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