Texas Finance Code - Section 36.301. Filing Claim
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§ 36.301. FILING CLAIM. (a) This section applies only to
a claim by a person, other than a shareholder, participant, or
participant-transferee acting in that capacity, who has a claim
against a state bank in liquidation, including a claimant with a
secured claim and a claimant under a fiduciary relationship who has
been ordered by the receiver to file a proof of claim under Section
36.223.
(b) To receive payment of a claim, the person must present
proof of the claim to the receiver:
(1) at a place specified by the receiver; and
(2) within the period specified by the receiver under
Section 36.205.
(c) A claim that is not filed within the period specified by
the receiver may not participate in a distribution of the assets by
the receiver, except that, subject to court approval, the receiver
may accept a claim filed not later than the 180th day after the date
notice of the claimant's right to file a proof of claim is mailed to
the claimant.
(d) A claim accepted and approved under Subsection (c) is
subordinate to an approved claim of a general creditor.
(e) Interest does not accrue on a claim after the date the
bank is closed for liquidation.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 36.221 36.222 36.223 36.224 36.225 36.226 36.227 36.301 36.302 36.303 36.304 36.305 36.306 36.307 36.308
Last modified: August 10, 2007
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