Priority of claims in liquidation proceedings

The following claims shall have priority: (1) First, public deposits that are subject to chapter 4-6A and § 51A-10-9 ; (2) Then, obligations incurred by the director or receiver; (3) Then, total deposits of each depositor; (4) Then, all taxes due on a pro rata basis; (5) Then, wages and salaries of officers and employees earned during the three - month period preceding the director's possession in an amount not exceeding the normal amount of compensation due; (6) Then, fees and assessments due to the division on a pro rata basis; (7) Then, all other claims on a pro rata basis exclusive of claims by holders of capital notes and debentures. Source: SL 1969, ch 11 , § 13.21 (1); SL 1988, ch 377 , § 181; SL 1989, ch 411 , § 5; SDCL, § 51-27-31.