48.31.184 - Ancillary receiver in another state or foreign country -- Failure to transfer assets. - Washington Statutes

Ancillary receiver in another state or foreign country — Failure to transfer assets.

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 this state assets within his or her control other than special deposits, diminished only by the expenses of the ancillary receivership, if any, then the claims filed in the ancillary receivership, other than special deposit claims or secured claims, shall be placed in the class of claims under RCW 48.31.280(8).

[2003 c 248 § 12; 1993 c 462 § 74.]

Notes: Severability -- Implementation -- 1993 c 462: See RCW 48.31B.901 and 48.31B.902.