Texas Finance Code 126.301 – Claims Against Credit Union
Current as of: 2024 | Check for updates
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The liquidating agent shall:
(1) determine the existence and amount of claims;
(2) allow proved claims of security, preference, or priority;
(3) settle or release a claim in favor of or against the credit union;
(4) disallow unproved claims of security, preference, or priority; and
(5) make distributions to and pay creditors and members of the credit union as their interests appear.