Upon the expiration of the time fixed for presentation of claims, the commissioner, or the duly appointed agent, shall make a full and complete list of the claims presented, including and specifying any claims which have been rejected. One (1) copy shall be filed in the office of the chancery clerk in the pending action, and one (1) copy shall be kept on file with the inventory in the office of the state trust company for examination. Any claim which may be presented after the expiration of the time fixed for the presentation of claims in the notice hereinbefore provided shall, if allowed, share pro rata in the distribution only of those assets of the state trust company in the hands of the commissioner, and undistributed at the time the claim is presented. However, when it is made to appear to the presiding chancellor in the district, that the claim could not have been filed within that period, the chancellor may permit those creditors or depositors who subsequently file their claim to share as other creditors.
Structure Mississippi Code
Title 81 - Banks and Financial Institutions
Chapter 27 - Multistate, State and Limited Liability Trust Institutions
Article 8 - Dissolution and Receivership; Conservatorship
Involuntary Dissolution and Liquidation
§ 81-27-8.101. When commissioner may take charge
§ 81-27-8.102. Directors may act
§ 81-27-8.103. Notice of seizure; bar to attachment
§ 81-27-8.105. Permission to resume business
§ 81-27-8.106. Remedy for seizure; answer to notice, injunction; and appeal
§ 81-27-8.108. Bond of the commissioner; surety; condition; minimum penalty
§ 81-27-8.110. Notice and time for filing claims
§ 81-27-8.111. Power to reject claims; notice; affidavit of service; action on claims
§ 81-27-8.112. List of claims presented and deposits; copies; proviso
§ 81-27-8.113. Declaration of dividends; order of preference in distribution
§ 81-27-8.114. Deposit of funds collected
§ 81-27-8.115. Employment of counsel; accountants; and other experts; compensation
§ 81-27-8.116. Unclaimed dividends held in trust
§ 81-27-8.117. Action by the commissioner following full settlement
§ 81-27-8.118. Annual report of the commissioner; items included
§ 81-27-8.119. Compensation of the commissioner
§ 81-27-8.120. Exclusive method of liquidation
§ 81-27-8.121. Disposition of books and records
§ 81-27-8.122. Destruction of books and records
§ 81-27-8.123. Trust terminated on insolvency of state trust company
§ 81-27-8.124. Petition for new trustee
§ 81-27-8.125. Publication and notice
§ 81-27-8.126. Appointment where no objection made
§ 81-27-8.127. Hearing upon objection
§ 81-27-8.128. Registration of final order
§ 81-27-8.129. Petition and order applicable to all instruments