This law outlines the authority of a court overseeing a receivership, allowing it to make financial allowances to receivers or attorneys involved. It specifies that payments can be made from the assets of the entity under receivership or from proceeds of asset sales.
Court can grant financial allowances to receivers or attorneys.
Payments are sourced from the entity's property or sale proceeds.
Applies to entities under court-appointed receivership.
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In simple terms: Learn about Texas's SUPERVISING COURT; JURISDICTION; AUTHORITY. (a) law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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