Alaska Statutes Sec. 21.78.010 - Jurisdiction of Delinquency Proceedings

(a) The court is vested with exclusive original jurisdiction of delinquency proceedings under this chapter, and is authorized to make all necessary and proper orders to carry out the purposes of this chapter.

(b) Except as provided under AS 21.24, delinquency proceedings under this chapter constitute the sole and exclusive method of liquidating, rehabilitating, reorganizing, or conserving an insurer, and a court may not entertain a petition for the commencement of the proceedings unless it has been filed in the name of the state on the relation of the director.

(c) An appeal shall lie to the supreme court from an order granting or refusing rehabilitation, liquidation, or conservation, and from every other order in delinquency proceedings having the character of a final order as to the particular portion of the proceedings embraced therein.

Section: 21.78.010  21.78.020  21.78.030  21.78.040  21.78.050  21.78.060  21.78.070  21.78.080  21.78.090  21.78.100  21.78.110  21.78.120  21.78.130  21.78.140  21.78.150  Next

Last modified: November 15, 2016