Sec. 38a-946. (Formerly Sec. 38-464). Distribution of assets. - Connecticut Statutes

      Sec. 38a-946. (Formerly Sec. 38-464). Distribution of assets. Under the direction of the court, the liquidator shall pay distributions 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.

      (P.A. 79-382, S. 44.)

      History: Sec. 38-464 transferred to Sec. 38a-946 in 1991.