Arizona Revised Statutes § 6-395.12 Payment Of Claims And Distribution To Stockholders On Liquidation

6-395.12. Payment of claims and distribution to stockholders on liquidation

From time to time after full provision has been made for the payment of disputed claims and claims having priority, the receiver shall make ratable distribution on all claims that have been proved to his satisfaction or adjudicated in a court of competent jurisdiction. After all claims have been finally settled and paid, the balance of the assets shall be distributed to the stockholders of the bank in proportion to the stock by them respectively held.

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Last modified: October 13, 2016