Texas § FI.186.227 - ASSETS DISCOVERED AFTER CLOSE OF RECEIVERSHIP
Full text of Texas The Texas Constitution § FI.186.227 — ASSETS DISCOVERED AFTER CLOSE OF RECEIVERSHIP, with citation guidance and answers to common questions.
§ FI.186.227. ASSETS DISCOVERED AFTER CLOSE OF RECEIVERSHIP
ASSETS DISCOVERED AFTER CLOSE OF RECEIVERSHIP. (a) The banking commissioner shall report to the court discovery of an asset having value that: (1) the banking commissioner discovers after the receivership was closed by final order of the court; and (2) was abandoned as worthless or unknown during receivership. (b) The court may reopen the receivership proceeding for continued liquidation if the value of the after-discovered assets justifies the reopening. (c) If the banking commissioner suspects that the information concerning after-disclosed assets may have been intentionally or fraudulently concealed, the banking commissioner shall notify appropriate civil and criminal authorities to determine any applicable penalties. Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999. SUBCHAPTER D. CLAIMS AGAINST RECEIVERSHIP ESTATE
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.186.227
What does The Texas Constitution § FI.186.227 cover?
Section FI.186.227 ("ASSETS DISCOVERED AFTER CLOSE OF RECEIVERSHIP") 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.186.227?
A common citation format is "The Texas Constitution § FI.186.227" (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.186.227 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.