Sec. 126.301. CLAIMS AGAINST CREDIT UNION. The liquidating agent shall:
(1) determine the existence and amount of claims;
(2) allow proved claims of security, preference, or priority;
(3) settle or release a claim in favor of or against the credit union;
(4) disallow unproved claims of security, preference, or priority; and
(5) make distributions to and pay creditors and members of the credit union as their interests appear.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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