Texas Civil Practice and Remedies Code

§ 64.051 — APPLICATION OF FUNDS; PREFERENCES

CP § 64.051Title 3. EXTRAORDINARY REMEDIES · Ch. 64. RECEIVERSHIP · Art. D. CLAIMS AND LIABILITIES

Statute text

(a)A receiver shall apply the earnings of property held in receivership to the payment of the following claims in the order listed:

(1)court costs of suit;

(2)wages of employees due by the receiver;

(3)debts owed for materials and supplies purchased by the receiver for the improvement of the property held as receiver;

(4)debts due for improvements made during the receivership to the property held as receiver;

(5)claims and accounts against the receiver on contracts made by the receiver, personal injury claims and claims for stock against the receiver accruing during the receivership, and judgments rendered against the receiver for personal injuries and for stock killed; and

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Legislative history

Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. Sept. 1, 1985.