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Untitled Texas Attorney General Opinion
O-1425
| Tex. Att'y Gen. | Jul 2, 1939
|
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Case Information

*1 OFFICE OF TNE A’ITORNEY GENERAL dF TEXAS

AUSTIN *2

%lt%rttlnLlt01y thsre 5a-e nw pmcl- lx& 9 llutJ7Sp OP suits vhicb gp3v out of Ii@&- taona vhloh hrroe bow c1053u. There are no (Lo- sets OS such liquUM.om dth which to my fhe OP 8UOh litpid3tfQ~ - trnvel3np: oxpmes SZpW5OS for attornjys, cwrt coats* dep5sit5, vltxlwn Saw msl tho 3qx3ns53 OS ouch titneas. 'ibeae dts rzmt be &d'tioct in the fnterost of t&e gllhlAO* Mr oxaqlo, all cosots Or tha dnoriosn stat0 mnl: of sIzlix&urg vero sold, an2 the prooaa4e distrtitod among the oroaltors, 3M tha xiquiaa- tion 010sod by order OS the ls5triot court or wlalgo county: Ths unitad mxtos, assorting a profwrod lien q@nct tha rrr;sots of the bunk thw sold, haa brwght suit tn-khe IXLztrzlot Ceurt of Uidalgo County to sat us9.d.a the sala of -sota CJbv2awly the sutt mot bo aa- akm&wmttO~". mere we, hovwor, no mnfls OS tlra 1iquldaMon out of 6hbh to pay those aostt3.

'al t&L8 oonlumtlon x roepeatrlulj e&b- pit two quwu.o~r

a(l) Crrnthe surplu8. abe? $mnt&mea, Sn the ofV3ao ezqynso acoouatbe utm1 in the pay- mentof+theooot aS~oS.e~strifs oSth%~cWraet- ert

*(2) If this Purxl is available, or what other 3ouroo 03n the90 ex- zgttiy JktiOlit 462 of the Rwie#l ciril Gtatutoe pa08 OS r0xh7st

.C~pw5stfon OP Mnmaor, enpleyaes e& Ossietanta, ana all 03~05 cf tzqmvis-

+on and ligUild&m shall be Slz& by the Con- &Ld~oncr, vbo shclll, frwzl tluE to tilde, pw- s33t tQ the DistMct Cmrt fn G13 coonty ill uldoh enlB,bzuUc~~kuik titmatcon~is looRtl3d, ix in soesion, ;ma to the juLl@ there- of, If in yaoution, an %..fdzo3 LUWL EUQCP stdxxmnt OS th.a cxpmscs zincucrod by hizl in the liquidation of snah brmk or bsnii and trust cm-, ub%ch no0cmt sk312 be 3~provocI by sois court, A.s 3.~3 s~stiitn, or t&o $a;:~3 thora- of, is in v3cstion, unless obj3otion is Silo&

. . theretauithiatcnd5ysrrft0r theiilb~a ~sontstion of said oxpmso accOuntm. The*off¶.oeoxpensesoooua~ mntionedbyyou &-tioxo 462 ztsaalately 3%ova quoted. .Xt wiill be men *5 a ppopr sotup In pr~uznoo of tho proviclon9 of t)mt t&it3 Art.iOlO authorszes tlls pwment r: "all expenses fl not ti~ossibla~ Pop the proper ol~p~islon or falpcrYlEloll a02 llquidation~. Zt Is %Iq%%Otio;lblo, bti0n 0s insolvoat banks to ho oarried ou a&thout oppfce and llqul.-

. Those &~ntLal expQnsos appl;p %xX com?on to til ImUcs In fho hands 05 the Corcritionor far li@da- fion, maa no partlcul3.r prtlon thereof con BG nlloorbted to w particula! bank, asxi iadoccl, such, of courso, 5s tie pcwposo of ths sotup or the wOffie3 espanse 50- oouav Wen,lnthe oourso of the periodlosl reports by the Cocmissiener to the %udi~iiSusl Diz;trict Comts of the oxpnws of UqutiLntlsq:, the PartAoulm bank wer rbioh that oonrt h3s jurl63%ctiorr, the oetiPotod aatmss- lacnta&ustsUohbPslrisinoludedcu.nl sp~orodbythe punse, SUQ& you Pwtlon, ragamos of tho wi$.n or . ns tim OS tho aoquisiti~. The snnd has wan ac~latti 5nl set 0 t for that vary parrm30. As fxtiotod ty you, suits or.t o churnotw 8” oentioml in your lettor aDIet be doSozx%od and ospmms, such us those tmA.onoil by you, Lust bo paid, ZUU t&we is no otlt~r fU%l f’rop;vfi+ch w- Lautsmay beua&o. 80 that, your queetion Ilo.. 9.s anmmnl ln

tho ttsm-mstiva, nna th5s aaha an anmror to your secard Qlostion unn3cwssry~

very truly yowa

Case Details

Case Name: Untitled Texas Attorney General Opinion
Court Name: Texas Attorney General Reports
Date Published: Jul 2, 1939
Docket Number: O-1425
Court Abbreviation: Tex. Att'y Gen.
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