Missouri Laws 361.190 – Claims entitled to priority, liquidation or insolvency
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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;
Terms Used In Missouri Laws 361.190
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
(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.