Minnesota § 60B.05 INJUNCTIONS AND ORDERS

Minnesota Statutes

§ 60B.05 — INJUNCTIONS AND ORDERS

Minnesota § 60B.05

PartINSURANCE

Ch. 60BREHABILITATION AND LIQUIDATION

This text of Minnesota § 60B.05 (INJUNCTIONS AND ORDERS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 60B.05 (2026).

Text

Subdivision 1.Injunctions in this state. Any receiver appointed in a proceeding under sections60B.01to60B.61may at any time apply for and any court of general jurisdiction in this state may grant, under the relevant sections of rules of Minnesota Rules of Civil Procedure, such restraining orders, temporary and permanent injunctions, and other orders as are deemed necessary and proper to prevent:

(a)the transaction of further business;

(b)the transfer of property;

(c)interference with the receiver or with the proceedings;

(d)waste of the insurer's assets;

(e)dissipation and transfer of bank accounts;

(f)the institution or further prosecution of any actions or proceedings;

(g)the obtaining of preferences, judgments, attachments, garnishments, or liens against the insurer or its asset

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Subdivision 1.Injunctions in this state.
Any receiver appointed in a proceeding under sections60B.01to60B.61may at any time apply for and any court of general jurisdiction in this state may grant, under the relevant sections of rules of Minnesota Rules of Civil Procedure, such restraining orders, temporary and permanent injunctions, and other orders as are deemed necessary and proper to prevent:
(a) the transaction of further business;
(b) the transfer of property;
(c) interference with the receiver or with the proceedings;
(d) waste of the insurer's assets;
(e) dissipation and transfer of bank accounts;
(f) the institution or further prosecution of any actions or proceedings;
(g) the obtaining of preferences, judgments, attachments, garnishments, or liens against the insurer or its assets;
(h) the levying of execution against the insurer or its assets;
(i) the making of any sale or deed for nonpayment of taxes or assessments that would lessen the value of the assets of the insurer;
(j) the withholding from the receiver of books, accounts, documents, or other records relating to the business of the insurer; or
(k) 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 the proceeding.

Subd. 2.Injunctions elsewhere.
The receiver may apply to any court outside of this state for the relief described in subdivision 1.