Louisiana § RS 6:395 - Distribution of assets
Full text of Louisiana Louisiana Civil Code § RS 6:395 — Distribution of assets, with citation guidance and answers to common questions.
§ RS 6:395. Distribution of assets
A. All claims against the bank's assets, proved to the receiver's satisfaction or approved by the receivership court, shall be paid in the following order:
(1) Administration expenses of the liquidation.
(2) Claims given priority under other provisions of state or federal law.
(3) Deposit obligations.
(4) Other general liabilities.
(5) Debt subordinated to the claims of depositors and general creditors.
(6) Equity capital securities.
B. No interest on any claim shall be paid until all claims within the same class have received the full principal amount of the claim.
Acts 1984, No. 719, §1, eff. Jan. 1, 1985.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 6:395
What does Louisiana Civil Code § RS 6:395 cover?
Section RS 6:395 ("Distribution of assets") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 6:395?
A common citation format is "Louisiana Civil Code § RS 6:395" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 6:395 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.