Texas § FI.186.301 - FILING CLAIM
Full text of Texas The Texas Constitution § FI.186.301 — FILING CLAIM, with citation guidance and answers to common questions.
§ FI.186.301. FILING CLAIM
FILING CLAIM. (a) This section applies only to a claim by a person, other than a shareholder, participant, or participant-transferee acting in that capacity, who has a claim against a state trust company in liquidation, including a claimant with a secured claim or a claimant under a fiduciary relationship that has been ordered by the receiver to file a claim pursuant to Section 186.223 . (b) To receive payment of a claim, the person must present proof of the claim to the receiver: (1) at a place specified by the receiver; and (2) within the period specified by the receiver under Section 186.205 . (c) Receipt of the required proof of claim by the receiver is a condition precedent to the payment of the claim. (d) A claim that is not filed within the period specified by the receiver may not participate in a distribution of the assets by the receiver, except that, subject to court approval, the receiver may accept a claim filed not later than the 180th day after the date notice of the claimant's right to file a proof of claim is mailed to the claimant. (e) A claim accepted under this section and approved is subordinate to an approved claim of a general creditor. (f) Interest does not accrue on a claim after the date the state trust company is closed for liquidation. Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.
Frequently Asked Questions About Texas § FI.186.301
What does The Texas Constitution § FI.186.301 cover?
Section FI.186.301 ("FILING CLAIM") 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.186.301?
A common citation format is "The Texas Constitution § FI.186.301" (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.186.301 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.