Texas § FI.126.305 - PAYMENT OF CLAIMS IN "NO PUBLICATION" LIQUIDATION

Full text of Texas The Texas Constitution § FI.126.305 — PAYMENT OF CLAIMS IN "NO PUBLICATION" LIQUIDATION, with citation guidance and answers to common questions.

§ FI.126.305. PAYMENT OF CLAIMS IN "NO PUBLICATION" LIQUIDATION

PAYMENT OF CLAIMS IN "NO PUBLICATION" LIQUIDATION. (a) In a "no publication" liquidation, the liquidating agent shall determine from all sources available, and within the limits of the credit union's available money, the amounts due to creditors and members. (b) Not earlier than the 61st day after the date on which the liquidating agent is appointed, the liquidating agent shall distribute the credit union's money to creditors and members ratably and as their interests appear. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § FI.126.305

What does The Texas Constitution § FI.126.305 cover?

Section FI.126.305 ("PAYMENT OF CLAIMS IN "NO PUBLICATION" LIQUIDATION") 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 § FI.126.305?

A common citation format is "The Texas Constitution § FI.126.305" (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 § FI.126.305 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.