40 Pa. Stat. § 221.62

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 221.62 - Subordination of claims for non-cooperation

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 Commonwealth 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 544(f) .

40 P.S. § 221.62

1921, May 17, P.L. 789, art. V, § 562, added 1977, Dec. 14, P.L. 280, No. 92, § 2, imd. effective.