Payment of Claims

Sec. 62.090. PAYMENT OF CLAIMS. The court in which the receivership of an abolished municipality is pending shall: (1) provide for the payment of the claims legally established against the municipality; (2) determine the priority of the claims; (3) order the sale of all property held by the receiver that is subject to sale for the satisfaction of the municipality's indebtedness; and (4) direct the receiver to pay the claims legally established against the municipality. Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.