Missouri § 375.970 - Preferred claims, how determined.
Full text of Missouri Revised Statutes of Missouri § 375.970 — Preferred claims, how determined., with citation guidance and answers to common questions.
§ 375.970. Preferred claims, how determined.
1. In a delinquency proceeding against an insurer domiciled in this state, claims owing to residents of ancillary states shall be preferred claims if like claims are preferred under the laws of this state. All such claims whether owing to residents or nonresidents shall be given equal priority of payment from general assets. No law of an ancillary state providing for preferred claims against the general assets of insurers shall be recognized as against the assets of delinquent domiciliary insurers of this state regardless of where such assets may be located.
2. In a delinquency proceeding against an insurer domiciled in a reciprocal state, claims owing to residents of this state shall be preferred if like claims are preferred by the laws of that state.
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(L. 1976 H.B. 1479 § 6)
Effective 6-16-76
---- end of effective 16 Jun 1976 ----
Frequently Asked Questions About Missouri § 375.970
What does Revised Statutes of Missouri § 375.970 cover?
Section 375.970 ("Preferred claims, how determined.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. 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 Missouri § 375.970?
A common citation format is "Revised Statutes of Missouri § 375.970" (Missouri). 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 Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 375.970 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri 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 Missouri.