Section 361.190

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 361

Effective - 28 Aug 1993   

  361.190.  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