Virginia § 6.2-933 - Distribution of assets
Full text of Virginia Code of Virginia § 6.2-933 — Distribution of assets, with citation guidance and answers to common questions.
§ 6.2-933. Distribution of assets
A. All claims against the bank's estate, proved to the satisfaction of the FDIC as receiver 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; and
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 claim.
1983, c. 507, § 6.1-110.9; 2010, c. 794.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 6.2-933
What does Code of Virginia § 6.2-933 cover?
Section 6.2-933 ("Distribution of assets") is part of the Code of Virginia, the codified statutory law of Virginia. 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 Virginia § 6.2-933?
A common citation format is "Code of Virginia § 6.2-933" (Virginia). 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 Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 6.2-933 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia 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 Virginia.