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. (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. (2) The depositors and depository institutions having an approved claim against the general liquidating account of the bank;
3. (3) The general creditors having an approved claim against the liquidating account of the bank;
4. (4) The claims otherwise proper which were not filed within the time prescribed in this chapter;
5. (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, 362.405