Finance Code § 182.403
If the selling institution is liquidated by a state or federal regulator after an asset sale, the purchasing state trust company must pay the receiver the remaining trust money owed to the selling institution’s creditors.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
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asset sale liquidation trust funds
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Finance Code § 182.403
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