Montana Statutes
§ 33-2-1350 — Collection And Listing Of Assets
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 2 REGULATION OF INSURANCE COMPANIES·Part 13 Supervision, Rehabilitation, and Liquidation
33-2-1350 . Collection and listing of assets.
(1)As soon as practicable after the liquidation order but not later than 120 days thereafter, the liquidator shall prepare in duplicate a list of the insurer's assets. The list shall be amended or supplemented from time to time as the liquidator may determine. One copy shall be filed in the office of the clerk of the district court, and one copy shall be retained for the liquidator's files. All amendments and supplements shall be similarly filed.
(2)The liquidator shall reduce the assets to a degree of liquidity that is consistent with the effective execution of the liquidation.
(3)A submission to the court for disbursement of assets in accordance with 33-2-1363 fulfills the requirements of subsection (1) of this section.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 33-2-1350 (Collection And Listing Of Assets) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 25, Ch. 383, L. 1979.
Nearby Sections
15
§ 33-2-1001
Repealed§ 33-2-1002
Repealed§ 33-2-1003
Repealed§ 33-2-1004
Repealed§ 33-2-1005
Repealed§ 33-2-1006
Repealed§ 33-2-1007
Repealed§ 33-2-101
Certificate Of Authority Required§ 33-2-103
Admission For Investment Only§ 33-2-106
General Eligibility Of Insurers§ 33-2-107
Name -- Dissimilar§ 33-2-108
Combinations Of Insuring Powers