N.C. Gen. Stat. § 58-64-60

Current through Session Law 2024-56

Section 58-64-60 - Contracts as preferred claims on liquidation

In the event of liquidation of a provider, all contracts for continuing care executed by the provider shall be deemed preferred claims against all assets owned by the provider; provided, however, such claims shall be subordinate to the liquidator's cost of administration or any secured claim.

N.C. Gen. Stat. § 58-64-60

Amended by 2003 N.C. Sess. Laws 0193, s. 13, eff. 6/12/2003.

1989, c. 758, s. 1; 1995 Reg. Sess., 1996 , c. 582, s. 4.