Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
In this chapter, “administrative expense” means:
(1) an expense designated as an administrative expense by Subchapter C or D; 1
(2) court costs and expenses of operation and liquidation of a bank estate;
(3) wages owed to an employee of a bank for services rendered within three months before the date the bank 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 bank employee whose services are retained by the receiver for services rendered after the date the bank is closed for liquidation;
(5) an unpaid expense of supervision or conservatorship of the bank before its closing for liquidation; and
(6) any unpaid fees or assessments owed to the department.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 36.001. Definition - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-36-001/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)