Finance Code › Title 3 › Chapter 186 › Subchapter C

Texas Finance Code § 186.210

Pending Lawsuit

Dissolution and Receivership · Involuntary Dissolution and Liquidation

(a) A judgment or order of a court of this state or of another jurisdiction in an action pending by or against the state trust company, rendered after the date the state trust company was closed for liquidation, is not binding on the receiver unless the receiver was made a party to the suit.

(b) Before the first anniversary of the date the state trust company was closed for liquidation, the receiver may not be required to plead to any suit pending against the state trust company in a court in this state on the date the state trust company was closed for liquidation and in which the receiver is a proper plaintiff or defendant.

(c) Sections 64.052, 64.053, and 64.056, Civil Practice and Remedies Code, do not apply to a state trust company estate being administered under this subchapter and Subchapter D.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.

Other codes referenced

Civ. Prac. & Rem. § 64.052Civ. Prac. & Rem. § 64.053Civ. Prac. & Rem. § 64.056