D.C. Code § 31-1357

Current through codified legislation effective October 30, 2024
Section 31-1357 - Subordination of claims for noncooperation

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 the District any assets within his or her control other than special deposits, diminished only by the expenses of the ancillary receivership, if any, the claims filed in the ancillary receivership, other than special deposit claims or secured claims, shall be placed in the class of claims under § 31-1340(7).

D.C. Code § 31-1357

Oct. 15, 1993, D.C. Law 10-35, § 58, 40 DCR 5773.