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DISTRICT OF COLUMBIA STATUTES AND CODES

Section 31-1357 - Subordination of claims for noncooperation

Subordination of claims for noncooperation

If an ancillary receiver in another state or foreign country, whether called by that name or not, fails to transfer to the domiciliary liquidator in the District any assets within his or her 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 § 31-1340(7).

CREDIT(S)

(Oct. 15, 1993, D.C. Law 10-35, § 58, 40 DCR 5773.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 35-2857.
Legislative History of Laws
For legislative history of D.C. Law 10-35, see Historical and Statutory Notes following § 31-1301.

Current through September 13, 2012

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