Idaho Code § 41-3359

Current through the 2024 Regular Session
Section 41-3359 - SUBORDINATION OF CLAIMS FOR NONCOOPERATION

If an ancillary receiver in another state or foreign country, whether called by that name or not, fails to transfer to the domiciliary liquidator in this state any assets within his control other than special deposits, diminished only by the expenses of the ancillary receivership, if any, the claims filed in the ancillary receivership, other than special deposit claims or secured claims, shall be placed in the class of claims under section 41-3342(7), Idaho Code.

Idaho Code § 41-3359

[41-3359, added 1981, ch. 249, sec. 2, p. 540.]