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Texas Finance Code - Section 36.311. Priority Of Claims Against Insured Bank

Legal Research Home > Texas Lawyer > Finance Code > Texas Finance Code - Section 36.311. Priority Of Claims Against Insured Bank

§ 36.311. PRIORITY OF CLAIMS AGAINST INSURED BANK.  The 
distribution of assets from the estate of a bank the deposits of 
which are insured by the Federal Deposit Insurance Corporation or 
its successor shall be made in the same order of priority as assets 
would be distributed on liquidation or purchase of assets and 
assumption of liabilities of a national bank under federal law.

Acts 1997, 75th Leg., ch. 1008, § 1, eff. Sept. 1, 1997.                   

Last modified: August 10, 2007