2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 507C - INSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION
507C.46 - TERMINATION OF PROCEEDINGS.

        507C.46  TERMINATION OF PROCEEDINGS.
         1.  When all assets justifying the expense of collection and
      distribution have been collected and distributed under this chapter,
      the liquidator shall apply to the court for discharge.  The court may
      grant the discharge and make any other orders, including an order to
      transfer remaining funds that are uneconomical to distribute, as
      appropriate.
         2.  Any other person may apply to the court at any time for an
      order under subsection 1.  If the application is denied, the
      applicant shall pay the costs and expenses of the liquidator in
      resisting the application including a reasonable attorney's fee.  
         Section History: Recent Form
         84 Acts, ch 1175, § 46; 92 Acts, ch 1117, § 31

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