Texas § CP.64.056 - LIABILITY OF PERSONS RECEIVING RECEIVERSHIP PROPERTY
Full text of Texas The Texas Constitution § CP.64.056 — LIABILITY OF PERSONS RECEIVING RECEIVERSHIP PROPERTY, with citation guidance and answers to common questions.
§ CP.64.056. LIABILITY OF PERSONS RECEIVING RECEIVERSHIP PROPERTY
LIABILITY OF PERSONS RECEIVING RECEIVERSHIP PROPERTY. (a) A person to whom a receiver delivers property held in receivership, including the owner of the property, a person who receives it for the owner, or an assignee of the owner is liable to the extent of the value of the property for the liabilities of the receiver arising during the receivership that are unpaid at the time of the receiver's discharge. The person receiving the property may be made a defendant to a suit against the receiver, and if judgment is rendered against the receiver, the court shall also render judgment against that defendant. (b) A judgment against a receiver or an unpaid claim that arose during the receivership and has not been sued on at the date the receiver is discharged constitutes a preference lien on the property held by the receiver on the date of discharge. The lien is superior to the mortgage lien of a mortgagee who instituted the receivership. The person who received the property is liable on the judgment or claim to the extent of the value of the property. Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. Sept. 1, 1985. SUBCHAPTER E. PROVISIONS RELATING TO RECEIVERSHIP OF CORPORATIONS
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § CP.64.056
What does The Texas Constitution § CP.64.056 cover?
Section CP.64.056 ("LIABILITY OF PERSONS RECEIVING RECEIVERSHIP PROPERTY") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § CP.64.056?
A common citation format is "The Texas Constitution § CP.64.056" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § CP.64.056 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.