Mich. Comp. Laws § 500.8159

Current through Public Act 171 of the 2024 Legislative Session
Section 500.8159 - Failure to transfer assets

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 or her 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 8142(1)(h).

MCL 500.8159

Add. 1989, Act 302, Imd. Eff. 1/3/1990 ;--Am. 1996, Act 429, Imd. Eff. 11/26/1996 ;--Am. 1998, Act 279, Imd. Eff. 7/27/1998 .