Texas § 186.227 ASSETS DISCOVERED AFTER CLOSE OF RECEIVERSHIP.

Texas Statutes

§ 186.227 — ASSETS DISCOVERED AFTER CLOSE OF RECEIVERSHIP.

Texas § 186.227

Code FIFinance Code

This text of Texas § 186.227 (ASSETS DISCOVERED AFTER CLOSE OF RECEIVERSHIP.) 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. § 186.227 (2026).

Text

Sec. 186.227. ASSETS DISCOVERED AFTER CLOSE OF RECEIVERSHIP.

(a)The banking commissioner shall report to the court discovery of an asset having value that:

(1)the banking commissioner discovers after the receivership was closed by final order of the court; and

(2)was abandoned as worthless or unknown during receivership.

(b)The court may reopen the receivership proceeding for continued liquidation if the value of the after-discovered assets justifies the reopening.

(c)If the banking commissioner suspects that the information concerning after-disclosed assets may have been intentionally or fraudulently concealed, the banking commissioner shall notify appropriate civil and criminal authorities to determine any applicable penalties. SUBCHAPTER D. CLAIMS AGAINST RECEIVERSHIP ESTATE

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Sec. 186.227. ASSETS DISCOVERED AFTER CLOSE OF RECEIVERSHIP. (a) The banking commissioner shall report to the court discovery of an asset having value that:
(1) the banking commissioner discovers after the receivership was closed by final order of the court; and
(2) was abandoned as worthless or unknown during receivership.
(b) The court may reopen the receivership proceeding for continued liquidation if the value of the after-discovered assets justifies the reopening.
(c) If the banking commissioner suspects that the information concerning after-disclosed assets may have been intentionally or fraudulently concealed, the banking commissioner shall notify appropriate civil and criminal authorities to determine any applicable penalties.
SUBCHAPTER D. CLAIMS AGAINST RECEIVERSHIP ESTATE