Title 7, Chapter 1, Section 203
( 7-1-203)
Where the deposits or shares of a financial institution are insured
by a federal public body or otherwise, the claims of depositors
shall be subrogated in favor of said insurer to the extent that it
pays or makes available for payment claims of such depositors
against the financial institution, provided that the rights of such
depositors to receive dividends or other distributions upon that
portion of their claims not made available for payment shall not be
affected by such subrogation. |