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e-CFR data is current as of July 31, 2020

Title 12Chapter IPart 51 → §51.5


Title 12: Banks and Banking
PART 51—RECEIVERSHIPS FOR UNINSURED NATIONAL BANKS


§51.5   Order of priorities.

The OCC will pay receivership expenses and proved claims against the uninsured bank in receivership in the following order of priority:

(a) Administrative expenses of the receiver;

(b) Unsecured creditors of the uninsured bank, including secured creditors to the extent their claim exceeds their valid and enforceable security interest;

(c) Creditors of the uninsured bank, if any, whose claims are subordinated to general creditor claims; and

(d) Shareholders of the uninsured bank.

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