§ 58-30-20. Injunctions and orders. - North Carolina Statutes

§58‑30‑20.  Injunctions and orders.

(a)        Any receiverappointed in a proceeding under this Article may at any time apply for, and anycourt of general jurisdiction may grant, such restraining orders, preliminaryand permanent injunctions, and other orders as may be deemed to be necessaryand proper to prevent:

(1)        The transaction offurther business;

(2)        The transfer ofproperty;

(3)        Interference withthe receiver or with a proceeding under this Article;

(4)        Waste of theinsurer's assets;

(5)        Dissipation andtransfer of bank accounts;

(6)        The institution orfurther prosecution of any actions or proceedings;

(7)        The obtaining ofpreferences, judgments, attachments, garnishments, or liens against theinsurer, its assets or its policyholders;

(8)        The levying ofexecution against the insurer, its assets, or its policyholders;

(9)        The making of anysale or deed for nonpayment of taxes or assessments that would lessen the valueof the assets of the insurer;

(10)      The withholding fromthe receiver of books, accounts, documents, or other records relating to thebusiness of the insurer; or

(11)      Any other threatenedor contemplated action that might lessen the value of the insurer's assets orprejudice the rights of policyholders, creditors, or shareholders, or the administrationof any proceeding under this Article.

(b)        The receiver mayapply to any court outside of this State for the relief described in subsection(a) of this section. (1989, c. 452, s. 1.)