Iowa § 507C.29 Claims of holders of void or voidable rights

Iowa Statutes

§ 507C.29 — Claims of holders of void or voidable rights

Iowa § 507C.29

Title XIIICOMMERCE

Ch. 507CINSURERS SUPERVISION, REHABILITATION, AND LIQUIDATION

This text of Iowa § 507C.29 (Claims of holders of void or voidable rights) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 507C.29 (2026).

Text

1.A claim of a creditor who has received or acquired a preference, lien, conveyance, transfer, assignment, or encumbrance, voidable under this chapter shall not be allowed unless the creditor surrenders the preference, lien, conveyance, transfer, assignment, or encumbrance. If the avoidance is effected by a proceeding in which a final judgment has been entered, the claim shall not be allowed unless the money is paid or the property is delivered to the liquidator within thirty days from the date of the entering of the final judgment. However, the court having jurisdiction over the liquidation may allow further time if there is an appeal or other continuation of the proceeding.

2.A claim allowable under subsection 1 by reason of a voluntary or involuntary avoidance, preference, lien, conve

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1. A claim of a creditor who has received or acquired a preference, lien, conveyance,
transfer, assignment, or encumbrance, voidable under this chapter shall not be allowed
unless the creditor surrenders the preference, lien, conveyance, transfer, assignment, or
encumbrance. If the avoidance is effected by a proceeding in which a final judgment has
been entered, the claim shall not be allowed unless the money is paid or the property
is delivered to the liquidator within thirty days from the date of the entering of the final
judgment. However, the court having jurisdiction over the liquidation may allow further
time if there is an appeal or other continuation of the proceeding.
2. A claim allowable under subsection 1 by reason of a voluntary or involuntary
avoidance, preference, lien, conveyance, transfer, assignment, or encumbrance may be filed
as an excused late filing under section 507C.35 if filed within thirty days from the date of the
avoidance or within the further time allowed by the court under subsection 1.