Missouri § 361.190 Claims entitled to priority, liquidation or insolvency.

Missouri Statutes

§ 361.190 — Claims entitled to priority, liquidation or insolvency.

Missouri § 361.190

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 361Division of Finance and Powers of Director of Finance

This text of Missouri § 361.190 (Claims entitled to priority, liquidation or insolvency.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 361.190 (2026).

Text

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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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.

Legislative History

(RSMo 1939 § 7894, A.L. 1986 H.B. 1195, A.L. 1993 H.B. 231) Prior revisions: 1929 § 5300; 1919 § 11688 Assessment by director of finance, bank liable for, when, 362.405