2011 Utah Code
Title 31A Insurance Code
Chapter 27a Insurer Receivership Act
Section 802 Discharge of liquidator and termination of liquidation proceedings.

31A-27a-802. Discharge of liquidator and termination of liquidation proceedings.
(1) When all property justifying the expense of collection and distribution is collected and distributed under this chapter, the liquidator shall apply to the receivership court for an order discharging the liquidator and terminating the proceeding.
(2) The receivership court may grant the application and make any other orders, including orders to:
(a) transfer any remaining funds that are uneconomic to distribute; or
(b) pursuant to Subsection 31A-27a-703(3), assign an asset that remains unliquidated, including a claim or cause of action, as may be considered appropriate.

Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.