Texas § 186.001 DEFINITION.

Texas Statutes

§ 186.001 — DEFINITION.

Texas § 186.001

Code FIFinance Code

This text of Texas § 186.001 (DEFINITION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Finance Code Code Ann. § 186.001 (2026).

Text

Sec. 186.001. DEFINITION. In this chapter, "administrative expense" means:

(1)an expense designated as an administrative expense by Subchapter C or D;

(2)court costs and expenses of operation and liquidation of a state trust company estate;

(3)wages owed to an employee of a state trust company for services rendered within three months before the date the state trust company was closed for liquidation and not exceeding:

(A)$2,000 to each employee; or

(B)another amount set by rules adopted under this subtitle;

(4)current wages owed to a state trust company employee whose services are retained by the receiver for services rendered after the date the state trust company is closed for liquidation;

(5)an unpaid expense of supervision or conservatorship of the state trust company before it

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Sec. 186.001. DEFINITION. In this chapter, "administrative expense" means:
(1) an expense designated as an administrative expense by Subchapter C or D;
(2) court costs and expenses of operation and liquidation of a state trust company estate;
(3) wages owed to an employee of a state trust company for services rendered within three months before the date the state trust company was closed for liquidation and not exceeding:
(A) $2,000 to each employee; or
(B) another amount set by rules adopted under this subtitle;
(4) current wages owed to a state trust company employee whose services are retained by the receiver for services rendered after the date the state trust company is closed for liquidation;
(5) an unpaid expense of supervision or conservatorship of the state trust company before its closing for liquidation; and
(6) any unpaid fees or assessments owed to the department.