Indiana § 27-9-3-44 Discharge of liquidator

Indiana Statutes

§ 27-9-3-44 — Discharge of liquidator

Indiana § 27-9-3-44

Title 27INSURANCE

Art. 9SUPERVISION; REHABILITATION;

Ch. 3Formal Proceedings

This text of Indiana § 27-9-3-44 (Discharge of liquidator) 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 § 27-9-3-44 (2026).

Text

(a)When all assets justifying the expense of collection and distribution have been collected and distributed under IC 27-9, the liquidator shall apply to the Marion County circuit court for discharge. The court may grant the discharge and make any other orders, including an order to transfer any remaining funds that are uneconomic to distribute, as may be considered appropriate.

(b)Any other person may apply to the Marion County circuit court at any time for an order under subsection (a). If the application is denied, the applicant shall pay the costs and expenses of the liquidator in resisting the application, including a reasonable attorney's fee. As added by Acts 1979, P.L.255, SEC.1.

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(a) When all assets justifying the expense of
collection and distribution have been collected and distributed under
IC 27-9, the liquidator shall apply to the Marion County circuit court
for discharge. The court may grant the discharge and make any other
orders, including an order to transfer any remaining funds that are
uneconomic to distribute, as may be considered appropriate.
(b) Any other person may apply to the Marion County circuit court
at any time for an order under subsection (a). If the application is
denied, the applicant shall pay the costs and expenses of the liquidator
in resisting the application, including a reasonable attorney's fee.
As added by Acts 1979, P.L.255, SEC.1.