Sec. 66.309. PAYMENT OF FINAL DIVIDEND. (a) The liquidating agent may not pay a final dividend before the first day of the 19th month after the date notice is first published under Section 66.304 . (b) The liquidating agent shall declare and pay a final dividend after: (1) the period provided by Subsection (a) expires; and (2) the liquidating agent liquidates each asset of the association capable of being liquidated or receives sufficient money from the liquidation to: (A) pay the costs of the liquidation; (B) pay all claims that have been presented and established; and (C) leave money available to pay all nonclaiming depositors and creditors of the association.
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