KRS 286.3-872: Order of payment of claims.

(1) All claims against the bank's estate, approved by a court of competent jurisdiction,

shall be paid in the following order:

(a) The actual and necessary administration expenses of the liquidation;

(b) Claims given priority under other provisions of state or federal law;

(c) General liabilities;

(d) Debt subordinated to the claims of depositors and general creditors; and

(e) Equity capital securities.

(2) No interest on any claim shall be paid until all claimants within the above -named

classes have received the full principal amount of their claims.

(3) All accepted or approved claims within the same class shall be paid pro rata and

without preference. Each secured creditor shall be entitled to prove for, and receive

dividends upon, his claim to the ex tent that such claim exceeds the value of the

property securing it.