Texas Finance Code - Section 36.303. Judgment As Proof Of Claim
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§ 36.303. JUDGMENT AS PROOF OF CLAIM. (a) A judgment
entered against a state bank in liquidation before the date the bank
was closed for liquidation may not be given higher priority than a
claim of an unsecured creditor unless the judgment creditor in a
proof of claim proves the allegations supporting the judgment to
the receiver's satisfaction.
(b) A judgment against the bank taken by default or by
collusion before the date the bank was closed for liquidation may
not be considered as conclusive evidence of the liability of the
bank to the judgment creditor or of the amount of damages to which
the judgment creditor is entitled.
(c) A judgment against the bank entered after the date the
bank was closed for liquidation may not be considered as evidence of
liability or of the amount of damages.
Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.
Section: 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 36.309 36.310
Last modified: August 10, 2007
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