Indiana Statutes
§ 27-9-3-26 — Personal liability relating to improper preferences
Indiana § 27-9-3-26
This text of Indiana § 27-9-3-26 (Personal liability relating to improper preferences) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 27-9-3-26 (2026).
Text
(a)Every officer, manager, employee,
shareholder, member, subscriber, attorney, or any other person acting
on behalf of the insurer who knowingly participates in giving any
preference when he has reasonable cause to believe the insurer is or is
about to become insolvent at the time of the preference is personally
liable to the liquidator for the amount of the preference. If the transfer
was made within four (4) months before the date of filing a successful
petition for liquidation it may be presumed that the person knew of the
pending insolvency.
(b)Every person receiving any property from the insurer (or the
benefit of any property) as a preference voidable under section 16(a)
of this chapter is personally liable for that property and is bound to
account to the liquidator.
(c)Nothing i
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"Healthcare Common Procedure Coding System"; "HCPCS"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 27-9-3-26, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-9-3-26.