361.190. Claims entitled to priority, liquidation or insolvency. - Missouri Statutes

Claims entitled to priority, liquidation or insolvency.

361.190. In case of the insolvency or voluntary orinvoluntary liquidation of any corporation to which this chapteris applicable, the following claims shall have priority in theorder herein specified:

(1) All unpaid charges lawfully assessed against it by thedirector and all unpaid penalties and forfeitures incurred by itunder any section of this chapter, and all expenses ofliquidation;

(2) The depositors and depository institutions having anapproved claim against the general liquidating account of thebank;

(3) The general creditors having an approved claim againstthe liquidating account of the bank;

(4) The claims otherwise proper which were not filed withinthe time prescribed in this chapter;

(5) The stockholders of the bank.

(RSMo 1939 § 7894, A.L. 1986 H.B. 1195, A.L. 1993 H.B. 231)

Prior revisions: 1929 § 5300; 1919 § 11688

CROSS REFERENCE:

Assessment by director of finance, bank liable for, when, RSMo 362.405