Texas Finance Code 126.306 – Barred Claims
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(a) A claim not filed before the liquidating agent pays the final liquidation dividend is barred.
(b) A claim rejected by the liquidating agent is barred unless suit to appeal the liquidating agent’s rejection is filed within three months after the date of notice of rejection.
Terms Used In Texas Finance Code 126.306
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.