2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 507C - INSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION
507C.29 - CLAIMS OF HOLDERS OF VOID OR VOIDABLE RIGHTS.

        507C.29  CLAIMS OF HOLDERS OF VOID OR VOIDABLE
      RIGHTS.
         1.  A claim of a creditor who has received or acquired a
      preference, lien, conveyance, transfer, assignment, or encumbrance,
      voidable under this chapter shall not be allowed unless the creditor
      surrenders the preference, lien, conveyance, transfer, assignment, or
      encumbrance.  If the avoidance is effected by a proceeding in which a
      final judgment has been entered, the claim shall not be allowed
      unless the money is paid or the property is delivered to the
      liquidator within thirty days from the date of the entering of the
      final judgment.  However, the court having jurisdiction over the
      liquidation may allow further time if there is an appeal or other
      continuation of the proceeding.
         2.  A claim allowable under subsection 1 by reason of a voluntary
      or involuntary avoidance, preference, lien, conveyance, transfer,
      assignment, or encumbrance may be filed as an excused late filing
      under section 507C.35 if filed within thirty days from the date of
      the avoidance or within the further time allowed by the court under
      subsection 1.  

         84 Acts, ch 1175, § 29
         Referred to in § 507C.35