§431:15-410 Subordination of claims for noncooperation. If an ancillary receiver in another state or foreign country, whether called an ancillary receiver or not, fails to transfer to the domiciliary liquidator in this State any assets within the ancillary receiver's control other than special deposits, diminished only by the expenses of the ancillary receivership, if any, then the claims filed in the ancillary receivership, or with the guaranty fund or association in that jurisdiction, other than special deposit claims or secured claims, shall be placed in the class of claims under section 431:15-332(8). [L 1987, c 347, pt of §2; am L 2004, c 122, §72]
Section: Previous 431-15-403 431-15-404 431-15-405 431-15-406 431-15-407 431-15-408 431-15-409 431-15-410 431-15-411 431-16-101 431-16-102 431-16-103 431-16-104 431-16-105 431-16-106 NextLast modified: October 27, 2016