South Carolina Statutes
§ 38-27-1000 — Subordination of claims for noncooperation.
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 his 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, must be placed in the class of claims under Section 38-27-610(7).
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South Carolina § 38-27-1000 (Subordination of claims for noncooperation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: Former 1976 Code SECTION 38-5-2500 [1982 Act No. 384, SECTION 59] recodified as SECTION 38-27-1000 by 1987 Act No. 155, SECTION 1.
Nearby Sections
15
§ 38-27-10
Short title.§ 38-27-1000
Subordination of claims for noncooperation.§ 38-27-20
Construction.§ 38-27-220
Court's seizure order.§ 38-27-230
Confidentiality of hearings.§ 38-27-30
Purpose.§ 38-27-310
Grounds for rehabilitation.§ 38-27-320
Rehabilitation orders.§ 38-27-330
Powers and duties of rehabilitator.§ 38-27-340
Actions by and against rehabilitator.§ 38-27-350
Termination of rehabilitation.§ 38-27-360
Grounds for liquidation.§ 38-27-370
Liquidation orders.