Texas Statutes (Last Updated: January 4, 2014) |
FINANCE CODE |
Title 3. FINANCIAL INSTITUTIONS AND BUSINESSES |
Subtitle F. TRUST COMPANIES |
Chapter 186. DISSOLUTION AND RECEIVERSHIP |
Subchapter C. INVOLUNTARY DISSOLUTION AND LIQUIDATION |
Sec. 186.217. EMPLOYEES OF RECEIVER
Latest version.
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The receiver may employ agents, legal counsel, accountants, appraisers, consultants, and other personnel the receiver considers necessary to assist in the performance of the receiver's duties. The receiver may use personnel of the department if the receiver considers the use to be advantageous or desirable. The expense of employing those persons is an administrative expense.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.16(a), eff. Sept. 1, 1999.