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2022 Kentucky Revised Statutes
Chapter 304 - Insurance code
Subtitle 304.33 - Insurers Rehabilitation and Liquidation
304.33-450 Distribution of assets.

Universal Citation: KY Rev Stat § 304.33-450 (2022)
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304.33-450 Distribution of assets. Payments to creditors. Under the direction of the court the liquidator shall pay dividends in a manner that will assure the proper recognition of priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined claims, including third-party claims. Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and approved by the court. Effective: June 18, 1970 History: Created 1970 Ky. Acts ch. 301, subtit. 33, sec. 45, effective June 18, 1970.
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