Tex. Fin. Code § 186.311

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 186.311 - Priority of Claims Against Insured State Trust Company

The distribution of assets from the estate of a state trust company the trust 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.

Tex. Fin. Code § 186.311

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. 9/1/1999.