Article VIII.
Local finances

Section 8. Billholders of insolvent bank, preferred creditors

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Billholders of insolvent bank, preferred creditors

Billholders of insolvent bank, preferred creditors

In case of the insolvency of any bank or banking association, the billholders thereof shall be entitled to preference in payment, over all other creditors of such bank or association.

Preference of billholders

In case of the insolvency of any bank or banking association, the billholders thereof shall be entitled to preference in payment, over all other creditors of such bank or association.