The receiver for an insurer-member shall not void any transfer of, or any obligation to transfer, money or any other property arising under or in connection with any federal home loan bank security agreement; any pledge, security, collateral, or guarantee agreement; or any other similar arrangement or credit enhancement relating to a federal home loan bank security agreement made in the ordinary course of business and in compliance with the applicable federal home loan bank agreement. However, a transfer may be avoided under this Code section if the transfer was made with intent to hinder, delay, or defraud the insurer-member, the receiver for the insurer-member, or existing or future creditors. This Code section shall not affect a receiver's rights regarding advances to an insurer-member in delinquency proceedings pursuant to 12 C.F.R. Section 1266.4.
Section: Previous 33-37-20 33-37-21 33-37-22 33-37-23 33-37-24 33-37-25 33-37-26 33-37-26.1 33-37-27 33-37-28 33-37-29 33-37-30 33-37-31 33-37-32 33-37-33 NextLast modified: October 14, 2016