4-6A-15. Reimbursement of public depositors from proceeds of assessments.
40 words·~1 min read·
/sd/title-4/chapter-4-6/4-6a-15A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon receipt of assessment payments under § 4-6A-14 , the Public Deposit Protection Commission shall reimburse the public depositors of the qualified public depository in which the loss occurred to the extent of the depository's net deposit liability to them.