Minnesota § 60B.61 SUBORDINATION OF CLAIMS FOR NONCOOPERATION

Minnesota Statutes

§ 60B.61 — SUBORDINATION OF CLAIMS FOR NONCOOPERATION

Minnesota § 60B.61

PartINSURANCE

Ch. 60BREHABILITATION AND LIQUIDATION

This text of Minnesota § 60B.61 (SUBORDINATION OF CLAIMS FOR NONCOOPERATION) 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.61 (2026).

Text

If an ancillary receiver in another state or foreign country, whether or not called by that name, fails to transfer to the domiciliary liquidator in this state any assets within the receiver's control other than special deposits, diminished only by the expenses of the ancillary receivership, if any, the claims filed in the ancillary receivership, other than special deposit claims or secured claims, shall be placed in the class of claims under section60B.44, subdivision 9.

Free access — add to your briefcase to read the full text and ask questions with AI

If an ancillary receiver in another state or foreign country, whether or not called by that name, fails to transfer to the domiciliary liquidator in this state any assets within the receiver's control other than special deposits, diminished only by the expenses of the ancillary receivership, if any, the claims filed in the ancillary receivership, other than special deposit claims or secured claims, shall be placed in the class of claims under section60B.44, subdivision 9.