Section 27-32-26 Fixation of rights and liabilities on liquidation of insurer. - Alabama Statutes

Section 27-32-26

Fixation of rights and liabilities on liquidation of insurer.

The rights and liabilities of the insurer and of its creditors, policyholders, stockholders, members, subscribers, and all other persons interested in its estate shall, unless otherwise directed by the court, be fixed as of the date on which the order directing the liquidation of the insurer is filed in the office of the clerk of the court which made the order, subject to the provisions of this chapter with respect to the rights of claimants holding contingent claims.

(Acts 1971, No. 407, p. 707, §645.)