The money collected by the director in a proceeding under this chapter shall be from time to time deposited in one or more state or national banks, savings banks, and in the case of the insolvency or voluntary liquidation of a depositary that is an institution organized and supervised under the laws of this state, the deposits shall be entitled to priority of payment on an equality with any other priority given by the banking laws of this state. The director may deposit the money or any part of it in a national bank or as a trust fund.
Section: Previous 21.78.140 21.78.150 21.78.160 21.78.170 21.78.180 21.78.190 21.78.200 21.78.210 21.78.220 21.78.230 21.78.240 21.78.250 21.78.251 21.78.252 21.78.253 NextLast modified: November 15, 2016