Sec. 186.001. DEFINITION. In this chapter, "administrative expense" means: (1) an expense designated as an administrative expense by Subchapter C or D; (2) court costs and expenses of operation and liquidation of a state trust company estate; (3) wages owed to an employee of a state trust company for services rendered within three months before the date the state trust company was closed for liquidation and not exceeding: (A) $2,000 to each employee; or (B) another amount set by rules adopted under this subtitle; (4) current wages owed to a state trust company employee whose services are retained by the receiver for services rendered after the date the state trust company is closed for liquidation; (5) an unpaid expense of supervision or conservatorship of the state trust company before its closing for liquidation; and (6) any unpaid fees or assessments owed to the department.
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