304.42-180 Court proceedings to be stayed. All proceedings
in which the insolvent insurer is a party in any court in this
state shall be stayed sixty (60) days from the date an order of
liquidation, rehabilitation, or conservation is final to permit
proper legal action by the association on any matters germane to
its powers or duties. As to judgment under any decision, order,
verdict, or finding based on default the association may apply to
have such judgment set aside by the same court that made such
judgment and shall be permitted to defend against such suit on the
merits. Effective: June 17, 1978 History: Created
1978 Ky. Acts ch. 282, sec. 18, effective June 17, 1978.
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