Labor Code § 407A.461
If the guaranty fund assumes obligations for an insolvent group under the commissioner’s determination, it may immediately take possession of the group’s assets and certain deposited security or bond proceeds, plus interest. Members of the insolvent group must pay their assessments to the guaranty fund.
- Jurisdiction
- United States — Texas
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- en
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assessments asset possession
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Labor Code § 407A.461
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