§ 64.036.Receivership Property Held by Financial Institution

The same service redirection the other asset-reaching chapters use, with wider wording.

Service or delivery of a notice of receivership, or a demand or instruction by or on behalf of a receiver, relating to receivership property held by a financial institution in the name of or on behalf of a customer is governed by Section 59.008, Finance Code.

The wording is the broadest of the four such provisions. Not only a notice, but a demand or instruction by or on behalf of a receiver — which covers the ordinary correspondence of an administration rather than only its opening document.

That breadth fits what a receivership is. Attachment and garnishment are single events; a receivership is a continuing relationship in which the receiver may give many instructions over months.

"By or on behalf of a receiver" reaches the receiver’s agents and counsel, so the routing rule is not avoided by having someone else write.

The Finance Code provision sends all of it to one place — a registered address or designated officer — rather than to any branch.

The bank’s position here is more exposed than in a garnishment. A receiver claims authority to control an account, which means acting on instructions from a stranger to the customer relationship, and the institution needs certainty about who may give them.

The turnover statute supplies the other half of that certainty, letting a financial institution require and rely on certified copies of the receivership order, the receiver’s qualification, the sworn affidavit and the bond.

Together the two provisions tell a bank where instructions arrive and what proof to demand before acting on them.