Colorado Statutes
§ 10-3-558 — 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 this state any assets within such
receiver's 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 7 as
defined in section 10-3-541 (1)(g).
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Legislative History
Source: L. 92: Entire part R&RE, p. 1484, � 14, effective July 1.
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Company unauthorized in other states