Wyoming § 13-6-406 Priority of claims

Wyoming Statutes

§ 13-6-406 — Priority of claims

Wyoming § 13-6-406

Title 13Banks, Banking and Finance

Ch. 6SAVINGS AND LOAN ASSOCIATIONS

Art. 4LIQUIDATION

This text of Wyoming § 13-6-406 (Priority of claims) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 13-6-406 (2026).

Text

(a)The claim of the owners of guaranty capital stock in an association is junior to the claim of savings and investment account holders and no part of the guaranty capital shall be withdrawn or retired until all savings and investment account holders have been paid in full at par with interest and all other claims have been paid and the corporation is liquidated.

(b)The claim of savings and investment account holders against the association is senior to the guaranty capital stockholders but junior to the claims of general creditors of the association. Savings and investment accounts shall be issued upon a uniform basis and without discrimination.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The claim of the owners of guaranty capital stock in
an association is junior to the claim of savings and investment
account holders and no part of the guaranty capital shall be
withdrawn or retired until all savings and investment account
holders have been paid in full at par with interest and all
other claims have been paid and the corporation is liquidated.
(b) The claim of savings and investment account holders
against the association is senior to the guaranty capital
stockholders but junior to the claims of general creditors of
the association. Savings and investment accounts shall be issued
upon a uniform basis and without discrimination.