R.S. 6:395

Distribution of assets ACTIVE

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.

Actions

References

None.

Cited by

None.

History

  • enactment Acts 1984, No. 719, §1, eff. Jan. 1, 1985

Section navigation

Cite R.S. 6:395

Bluebook
La. Rev. Stat. Ann. § 6:395 (2026).
Permalink
https://theusufruct.com/rs/title-6/section-395
BibTeX
@misc{larevstat-6-395,
  title        = {La. Rev. Stat. Ann. § 6:395},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-6/section-395},
  note         = {Snapshot 2026-05-22}
}