2005 Idaho Code - 26-1018 — PAYMENT OF CLAIMS

                                  TITLE  26
                              BANKS AND BANKING
                                  CHAPTER 10
                       CLOSING AND LIQUIDATION OF BANKS
    26-1018.  PAYMENT OF CLAIMS. Claims presented to the director prior to the
expiration of the time fixed in the notice to creditors therefor, and allowed
by him, shall be paid in the order of priority hereinafter fixed. Those filed
after such expiration and prior to one (1) year thereafter shall be entitled,
after they have been allowed by the director, to share in the distribution of
the assets of the bank only to the extent of the assets undistributed in the
hands of the director and available for the payment of claims of their order
of priority at the time such claims are filed, but as against other claims of
their same order of priority, on which dividends have been paid, they shall be
entitled to payment in a proportionate amount before further payments are made
on such other claims. All claims filed after the expiration of one (1) year
following the date fixed in the notice to creditors as the time for
presentation of claims are not entitled to be allowed or paid unless all other
creditors' claims of any kind or character, except claims of shareholders,
based on stock or assessments paid on stock, shall have been fully paid and
discharged, and a surplus remains in the hands of the director, and then only
from such surplus.