6-471. Filing and payment of claims
A. The liquidators shall fix a time for all persons having claims against the
association, other than as members thereof, to present such claims, and shall cause
notice to be published, requiring all persons to present the claims on or before such
date, and within five days after the first publication shall mail a copy of such notice
to each person whose name appears on the association's records as having a claim. Each
claim shall be in writing and verified by the claimant or a duly authorized agent. A
claim may be presented at any time on or before the date fixed in the published notice,
but any claim not so presented shall be barred. Upon the disallowance of any claim, the
liquidators immediately shall notify the claimant of such fact, and the claimant may
institute suit to establish such claim at any time before the final distribution.
B. Whether a member files or does not file a claim with respect to an interest
which he has as such member, the liquidators shall determine from the records of the
association the amount of such member's claim. Any such member may examine the
association's records pertaining to his own claim. The records of the association shall
be prima facie evidence of each such claim or interest, and no member shall be entitled
to a greater claim or proportionate interest in the association unless and until the
liquidators shall have agreed to a correction of the records pertaining to such claim or
interest, or shall be ordered to correct such records by a court of competent
jurisdiction. The liquidators shall require all members to present their certificates or
account books for verification and endorsement upon payment of any liquidating dividend
or distribution; and upon final distribution, such certificates or account books shall be
surrendered to the liquidators.
C. Claims having a preference in law shall be given preference in payment; except
that no payment of less than ten dollars need be made until final distribution. No
distribution shall be made on claims for withdrawable capital until such preferred claims
have been paid or provided for in full, or during the pendency of any suit unless
sufficient funds are segregated to pay any judgment which may be rendered in such
suit. Ratable payments and distributions on withdrawable capital may be made at any time
after the time fixed for the presentment and allowance of claims has elapsed. Holders of
guaranty capital, if any, shall participate in the liquidation of the remaining assets
after payment or provision for payment has been made in full to all creditors, holders of
withdrawable capital, and any claims which the holders may have in the balance of any
segregated reserves. Final distribution shall be made in accordance with section 6-472.
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