Tex. Fin. Code § 66.402
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
If the Federal Deposit Insurance Corporation pays the insured deposit liabilities of an association that has been closed or is being liquidated under this chapter, regardless of whether the Federal Deposit Insurance Corporation has become receiver or liquidating agent, the Federal Deposit Insurance Corporation is subrogated, to the extent of the payment, to all rights that the owners of the savings accounts or deposits have against the association.
Tex. Fin. Code § 66.402