Louisiana § 6:395 Distribution of assets

Louisiana Statutes

§ 6:395 — Distribution of assets

Louisiana § 6:395

Title 6Banks and Banking

This text of Louisiana § 6:395 (Distribution of assets) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 6:395 (2026).

Text

A. All claims against the bank's assets, proved to the receiver's satisfaction or approved by the receivership court, shall be paid in the following order:

(1)Administration expenses of the liquidation.

(2)Claims given priority under other provisions of state or federal law.

(3)Deposit obligations.

(4)Other general liabilities.

(5)Debt subordinated to the claims of depositors and general creditors.

(6)Equity capital securities. B. No interest on any claim shall be paid until all claims within the same class have received the full principal amount of the claim.

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A. All claims against the bank's assets, proved to the receiver's satisfaction or approved by the receivership court, shall be paid in the following order:
(1) Administration expenses of the liquidation.
(2) Claims given priority under other provisions of state or federal law.
(3) Deposit obligations.
(4) Other general liabilities.
(5) Debt subordinated to the claims of depositors and general creditors.
(6) Equity capital securities.
B. No interest on any claim shall be paid until all claims within the same class have received the full principal amount of the claim.