2006 Utah Code - 31A-27-318 — Collection and list of assets.

     31A-27-318.   Collection and list of assets.
     (1) As soon as practicable after the liquidation order, but no later than 120 days thereafter, the liquidator shall prepare in duplicate a list of the insurer's assets. The list shall be amended or supplemented as the liquidator finds useful. One copy shall be filed in the office of the clerk of the court having jurisdiction over the liquidation proceedings and one copy shall be retained for the liquidator's files. All amendments and supplements shall be similarly filed.
     (2) The liquidator shall reduce the assets to a degree of liquidity that is consistent with the effective execution of the liquidation.

Enacted by Chapter 242, 1985 General Session