New Jersey Statutes
§ 17B:32-73 — Payment of distributions
New Jersey·Title 17B INSURANCE
43.Under the direction of the court, the liquidator shall pay distributions in a manner that will assure the proper recognition of priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined claims, including third party claims. Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and approved by the court. L.1992,c.65,s.43.
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Nearby Sections
15
§ 17B:32-31
Short title, purpose of act§ 17B:32-32
Application of authorized proceedings§ 17B:32-33
Definitions§ 17B:32-34
Jurisdiction over delinquency proceedings§ 17B:32-35
Restraining orders, injunctions§ 17B:32-36
Cooperation with commissioner in proceedings§ 17B:32-37
Proceedings previously commenced deemed commenced under this act; exceptions, distribution of claims§ 17B:32-39
Filing of petition; court orders§ 17B:32-42
Appointment of rehabilitator§ 17B:32-43
Powers of rehabilitator§ 17B:32-44
Staying of pending actions§ 17B:32-45
Petition for order of liquidation