2018 Missouri Revised Statutes
Title XXIV - Business and Financial Institutions
Chapter 361 - Division of Finance and Powers of Director of Finance
Section 361.190 Claims entitled to priority, liquidation or insolvency.
Effective 28 Aug 1993
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 361361.190. Claims entitled to priority, liquidation or insolvency. — In case of the insolvency or voluntary or involuntary liquidation of any corporation to which this chapter is applicable, the following claims shall have priority in the order herein specified:
(1) All unpaid charges lawfully assessed against it by the director and all unpaid penalties and forfeitures incurred by it under any section of this chapter, and all expenses of liquidation;
(2) The depositors and depository institutions having an approved claim against the general liquidating account of the bank;
(3) The general creditors having an approved claim against the liquidating account of the bank;
(4) The claims otherwise proper which were not filed within the time prescribed in this chapter;
(5) The stockholders of the bank.
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(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, 362.405
