Mississippi Administrative Code
Title 38 - Treasurer
Part 1 - Office of the State Treasurer
Chapter 3 - Public Funds Guaranty Pool Rules
Rule 38-1-3.9 - Payment of Losses
Universal Citation: MS Code of Rules 38-1-3.9
Current through September 24, 2024
A. Priority for Multiple Losses. In the event a default or insolvency occurs to more than one qualified public depository, claims of public depositors shall have priority based on the date of the default or insolvency. Claims arising from a default or insolvency occurring earliest in time shall have priority over claims arising subsequently.
B. Payment. The Treasurer shall establish the priority of claims arising from multiple defaults or insolvencies and pay public depositors based on the priority established.
Miss. Code Ann. § 27-105-6 (Rev. 2000), § 31-19-5 (Rev. 2007).
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