Tex. Fin. Code § 36.301

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 36.301 - Filing Claim
(a) This section applies only to a claim by a person, other than a shareholder 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.

Tex. Fin. Code § 36.301

Amended By Acts 2007, 80th Leg., R.S., Ch. 237, Sec. 59, eff. 9/1/2007.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.