51A-15-39. Priority of claims in liquidation proceedings.
The following claims shall have priority:
(1)First, public deposits that are subject to chapter 4-6A and §51A-10-9;
(2)Then, obligations incurred by the director or receiver;
(3)Then, total deposits of each depositor;
(4)Then, all taxes due on a pro rata basis;
(5)Then, wages and salaries of officers and employees earned during the three-month period preceding the director's possession in an amount not exceeding the normal amount of compensation due;
(6)Then, fees and assessments due to the division on a pro rata basis;
(7)Then, all other claims on a pro rata basis exclusive of claims by holders of capital notes and debentures.
Source: SL 1969, ch 11, §13.21 (1); SL 1988, ch 377, §181; SL 1989, ch 411, §5; SDCL, §51-27-31.