38.2-1714 - Stay of proceedings; reopening default judgments. - Virginia Statutes

§ 38.2-1714. Stay of proceedings; reopening default judgments.

All proceedings in which the insolvent insurer is a party in any court inthis Commonwealth shall be stayed 180 days from the date an order ofliquidation, rehabilitation, or conservation is final to permit proper legalaction by the Association on all matters germane to its powers and duties.The Association may apply to have the judgment under any decision, order,verdict, or finding based on default set aside by the same court that madethe judgment and shall be permitted to defend against the suit on the merits.

(1976, c. 330, § 38.1-482.32; 1986, c. 562; 2010, c. 510.)