North Dakota § 26.1-06.1-58 Subordination of claims for noncooperation

North Dakota Statutes

§ 26.1-06.1-58 — Subordination of claims for noncooperation

North Dakota § 26.1-06.1-58

Title 26.1Insurance

Ch. 26.1-06.1Insurance Company Rehabilitation and Liquidation

This text of North Dakota § 26.1-06.1-58 (Subordination of claims for noncooperation) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-06.1-58 (2026).

Text

If an ancillary receiver in another state or foreign country, whether called by that name or
not, fails to transfer to the domiciliary liquidator in this state any assets within the control of the
ancillary receiver, 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, must be placed in the class of claims under subsection 7 of section
26.1-06.1-41.

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If an ancillary receiver in another state or foreign country, whether called by that name or
not, fails to transfer to the domiciliary liquidator in this state any assets within the control of the
ancillary receiver, 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, must be placed in the class of claims under subsection 7 of section
26.1-06.1-41.