Texas Finance Code - FIN § 126.304. Liquidation Dividends

(a) The liquidating agent from time to time shall make a ratable liquidation dividend on claims that have been:

(b) After the credit union's assets have been liquidated, the liquidating agent shall make further liquidation dividends on claims previously proved or adjusted.

(c) For purposes of making a further liquidation dividend under Subsection (b), the liquidating agent may accept the statement of an amount due a claimant as shown on the credit union's books and records instead of a formal proof of claim filed on the claimant's behalf.