13-6-406. Priority of claims.
(a) The claim of the owners of guaranty capital stock in an association is junior to the claim of savings and investment account holders and no part of the guaranty capital shall be withdrawn or retired until all savings and investment account holders have been paid in full at par with interest and all other claims have been paid and the corporation is liquidated.
(b) The claim of savings and investment account holders against the association is senior to the guaranty capital stockholders but junior to the claims of general creditors of the association. Savings and investment accounts shall be issued upon a uniform basis and without discrimination.
Structure Wyoming Statutes
Title 13 - Banks, Banking and Finance
Chapter 6 - Savings and Loan Associations
Section 13-6-401 - When State Banking Commissioner to Take Charge; Refusal to So Permit.
Section 13-6-402 - Directors to Relieve Unsound Condition; Duty.
Section 13-6-403 - Directors to Relieve Unsound Condition; Failure.
Section 13-6-404 - Losses Exceeding Reserves or Earnings.
Section 13-6-405 - Banking Commissioner to Be Appointed Receiver; Assistants; Bonding Requirements.