• § 7-1-190 - Preservation of Assets; Proceedings in Lieu of Attachment, Execution, or Repossession
  (a) The status of all parties shall become fixed on the date the department takes possession of a financial institution. No corporation or person...
• § 7-1-191 - Exclusivity of Claims Procedure; Effect of Receivership on Pending Actions
  All claims against the financial institution, action upon which has not been commenced prior to the time the department took possession, shall be presented...
• § 7-1-192 - Notice to Depositors and Other Creditors to Present Claims
  (a) After filing a supplement to the certificate of possession setting forth its determination to liquidate the affairs of a financial institution in receivership,...
• § 7-1-193 - Proof of Claims of Depositors
  (a) Any depositor who disagrees with the amount shown by the books or other records of the financial institution to be due to him...
• § 7-1-194 - Proof of Claims of Creditors
  Creditors other than depositors shall not share in any distribution of the assets of the financial institution unless the creditor or his designated representative...
• § 7-1-195 - Allowance of Claims
  For the purposes of the accounting provided for in this chapter, the department shall allow the claims of depositors for the amounts shown to...
• § 7-1-196 - Advance Payment of Dividends to Depositors
  (a) After filing a supplement to the certificate of possession setting forth its determination to liquidate the affairs of the financial institution, the department...
• § 7-1-197 - Expenses of Administration
  Any reasonable expenditure made by the department as receiver of a financial institution, including any expense incurred in the management, reorganization, consolidation, liquidation, or...
• § 7-1-198 - Filing or Ordering Partial or Final Account; Notice of Filing; Exceptions
  (a) At any time after the expiration of the period fixed by the department for the presentation of claims, it may file a partial...
• § 7-1-199 - Adjudication of Rejected Claims and Exceptions to Account
  (a) If any claim has been rejected by the department or any exception has been filed to the account or to any item thereof,...
• § 7-1-200 - Confirmation of Account; Distribution of Dividends; Final Disposition of Assets Insufficient for Distribution; Cancellation of Articles
  (a) If the department has approved all depositors' claims, as proved by them pursuant to this chapter or if not proved as they appear...
• § 7-1-201 - Unclaimed Dividends
  Whenever a dividend remains unclaimed six months after it has been declared and the department is unable to locate the depositor or other claimant...
• § 7-1-202 - Order of Payment of Liabilities; Secured or Preferred Claims and Liens
  (a) In the distribution of the assets of a financial institution which is liquidated or dissolved, whether under this chapter or by any other...
• § 7-1-203 - Subrogation of Insurer of Deposits or Shares
  Where the deposits or shares of a financial institution are insured by a federal public body or otherwise, the claims of depositors shall be...
• § 7-1-204 - Liquidation of Excess Assets by Trustees
  If any unliquidated assets remain in the department's possession after the filing and confirmation of its final account, the payment in full of the...
• § 7-1-205 - Destruction of Records
  The department is authorized to destroy all records of the financial institution of which it was in possession as receiver and all records of...

Last modified: October 14, 2016