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Tex. Civ. Prac. & Rem. Code § 64.074

CLAIMS PREFERENCE AGAINST CURRENT EARNINGS

Acts 1985, 69th Leg., ch. 959, Sec. 1, eff

A judgment or claim existing against a corporation at the time the receiver is appointed or a judgment in an action existing at that time shall be paid out of the earnings of the corporation earned during the receivership in preference to the mortgage of a mortgagee who instituted the receivership. The judgment or claim is a lien on those earnings.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.