Texas Finance Code
§ 126.354 — COMPENSATION
FI § 126.354Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES · Part D. CREDIT UNIONS · Ch. 126. CREDIT UNION SUPERVISION AND REGULATION · Art. H. LIQUIDATING AGENT
Statute text
View on source(a)A liquidating agent is entitled to receive reasonable compensation during the liquidation.
(b)The compensation is considered an incidental expense of the liquidation.
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.