Indiana § 27-9-3-42 Payment of distributions

Indiana Statutes

§ 27-9-3-42 — Payment of distributions

Indiana·Title 27 INSURANCE·Art. 9 SUPERVISION; REHABILITATION;·Ch. 3 Formal Proceedings

Under the direction of the Marion County
circuit court, the liquidator shall pay distributions in a manner that will
assure the proper recognition of priorities and a reasonable balance
between the expeditious completion of the liquidation and the
protection of unliquidated and undetermined claims, including third
party claims. Distribution of assets in kind may be made at valuations
set by agreement between the liquidator and the creditor and approved
by the Marion County circuit court.
As added by Acts 1979, P.L.255, SEC.1.

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Under the direction of the Marion County
circuit court, the liquidator shall pay distributions in a manner that will
assure the proper recognition of priorities and a reasonable balance
between the expeditious completion of the liquidation and the
protection of unliquidated and undetermined claims, including third
party claims. Distribution of assets in kind may be made at valuations
set by agreement between the liquidator and the creditor and approved
by the Marion County circuit court.
As added by Acts 1979, P.L.255, SEC.1.

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