§ 27-9-1-4 — Restraining orders and injunctions

(a) A receiver appointed in a proceeding under
IC 27-9 may at any time apply for, and any court with general
jurisdiction may grant, restraining orders, preliminary and permanent
injunctions, and other orders as considered necessary and proper to
prevent any of the following:
(1) The transaction of further business.
(2) The transfer of property.
(3) Interference with the receiver or with a proceeding under IC 27-9.
(4) Waste of the insurer's assets.
(5) Dissipation and transfer of bank accounts.
(6) The institution or further prosecution of any actions or
precedings.
(7) The obtaining of preferences, judgments, attachments,
garnishments, or liens against the insurer, its assets or its
policyholders.
(8) The levying of execution against the insurer, its assets, or its
policyholders.
(9) The making of any sale or deed for nonpayment of taxes or
assessments that would lessen the value of the assets of the
insurer.
(10) The withholding from the receiver of books, accounts,
documents, or other records relating to the business of the insurer.
(11) Any other threatened or contemplated action that might
lessen the value of the insurer's assets or prejudice the rights of
policyholders, creditors, or shareholders, or the administration of
any proceeding under IC 27-9.
(b) The receiver may apply to any court outside of Indiana for the
relief described in subsection (a).
As added by Acts 1979, P.L.255, SEC.1.