Iowa Code

Iowa Code § 524.1312 (2026)

Distribution of assets upon insolvency

✓ current as of July 2026

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In the distribution of the assets of a state bank which is dissolved under this chapter, or by any other method, the order of payment of the liabilities of the state bank, in the event that its assets are insufficient to pay in full all its liabilities for which claims are made, shall be:

1. The payment of costs and expenses of the administration of the dissolution.

2. The payment of claims for public funds deposited pursuant to chapter 12C and the payment of claims which are given priority by applicable statutes. If the assets are insufficient for payment of the claims in full, then priority shall be determined as specified by the statutes or, in the absence of conflicting provisions, on a pro rata basis.

3. Amounts due to depositors.

4. The payment of all other claims pro rata, exclusive of claims on capital notes and debentures.

5. The payment of capital notes and debentures. [C73, §1572; C97, §1857, 1877; S13, §1857; C24, §9239, 9243, 9278; C27, §9239, 9239-a6, 9243, 9278; C31, 35, §9239, 9239-a6, 9243, 9278, 9278-c1; C39, §9239, 9239.7, 9243, 9278, 9278.1, 9278.2, 9278.3; C46, 50, 54, 58, 62, 66, §528.33, 528.40, 528.44, 528.77, 528.78, 528.79, 528.80; C71, 73, 75, 77, 79, 81, §524.1312] 85 Acts, ch 194, §9 Referred to in §12C.23A, 524.404, 524.1305, 524.1310 Claims entitled to priority; §680.7 – 680.9\n\nTue Dec 09 22:03:56 2025 Iowa Code 2026, Chapter 524 (74, 6) §524.1313, BANKS 88 \n

Notes of Decisions

Cited in 1 case, 1995–1995 · leading case: In Re the Receivership of the Mt. Pleasant Bank & Trust Co., 526 N.W.2d 549 (Iowa 1995).

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In Re the Receivership of the Mt. Pleasant Bank & Trust Co., 526 N.W.2d 549 (Iowa 1995). · cites it 2× “Furthermore, we note that under Iowa Code section 524.1312(1), if an institution’s assets are insufficient to cover all of the institution’s liabilities, “payment of costs and expenses of the administration of the dissolution” has priority over “the payment of all other claims…”

— Iowa Code § 524.1312(1) — 1 case

In Re the Receivership of the Mt. Pleasant Bank & Trust Co., 526 N.W.2d 549 (Iowa 1995). “Furthermore, we note that under Iowa Code section 524.1312(1), if an institution’s assets are insufficient to cover all of the institution’s liabilities, “payment of costs and expenses of the administration of the dissolution” has priority over “the payment of all other claims…”

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