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2019 Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 60B — Rehabilitation And Liquidation
Section 60B.61 — Subordination Of Claims For Noncooperation.
Universal Citation: MN Stat § 60B.61 (2019)
60B.61 SUBORDINATION OF CLAIMS FOR NONCOOPERATION.
If an ancillary receiver in another state or foreign country, whether or not called by that name, fails to transfer to the domiciliary liquidator in this state any assets within the receiver's 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 60B.44, subdivision 9.
History: 1969 c 708 s 61; 1986 c 444
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