§ 58-30-230. Distribution of assets. - North Carolina Statutes

§58‑30‑230.  Distribution of assets.

(a)        Under the directionof the Court, the liquidator shall pay distributions in a manner that willassure the proper recognition of priorities and a reasonable balance betweenthe expeditious completion of the liquidation and the protection ofunliquidated and undetermined claims, including third party claims. Distribution of assets in kind may be made at valuations set by agreementbetween the liquidator and the creditor and approved by the Court.

(b)        Interest on claimsshall be paid only after all claims have been paid under subsection (a) of thissection.  This subsection does not apply to interest awarded as part of ajudgment. (1989, c. 452, s. 1.)