PAYMENT OF CLAIM.
Tex. FIN Code § 36.310.
in effect(a) Except as expressly provided otherwise by this subchapter or Subchapter C, without the approval of the court the receiver may not make a payment on a claim, other than a claim for an obligation incurred by the receiver for administrative expenses.
(b) The receiver may periodically make partial distribution to the holders of approved claims if:
(1) all objections have been heard and decided as provided by Section 36.308 ;
(2) the time for filing appeals has expired as provided by Section 36.309 ; and
(3) a proper reserve is established for the pro rata payment of:
(A) rejected claims that have been appealed; and
(B) any claims based on unliquidated or undetermined demands governed by Section 36.305 .
(c) As soon as practicable after the determination of all objections, appeals, and claims based on previously unliquidated or undetermined demands governed by Section 36.305 , the receiver shall distribute the assets of the bank in satisfaction of approved claims other than claims asserted in a person's capacity as a shareholder.