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MAINE STATUTES AND CODES
24-A §4380. Subordination of claims for noncooperation
Title 24-A: MAINE INSURANCE CODE
Chapter 57: DELINQUENT INSURERS
Subchapter 1: REHABILITATION AND LIQUIDATION
§4380. Subordination of claims for noncooperation
If an ancillary receiver, by whatever name called, in another state or foreign country fails to transfer to the domiciliary liquidator in this State any assets within his control other than special deposits, diminished only by the expenses, if any, of the ancillary receivership, the claims filed in the ancillary receivership, other than special deposit claims or secured claims, shall be placed in the class of claims under section 4379, subsection 8. [1969, c. 132, §1 (NEW).]
SECTION HISTORY
1969, c. 132, §1 (NEW).