§51.5. Order of priorities.
12 C.F.R. § 51.5
The OCC will pay receivership expenses and proved claims against the uninsured bank in receivership in the following order of priority:
Administrative expenses of the receiver;
Unsecured creditors of the uninsured bank, including secured creditors to the extent their claim exceeds their valid and enforceable security interest;
Creditors of the uninsured bank, if any, whose claims are subordinated to general creditor claims; and
Shareholders of the uninsured bank.
Notes, amendments, and revision history
Authority
Authority: 12 U.S.C. 16, 93a, 191-200, 481, 482, 1831c, and 1867.
Source
Source: 81 FR 92602, Dec. 20, 2016, unless otherwise noted.