Utah § 31A-27a-802 Discharge of liquidator and termination of liquidation proceedings.

Utah Statutes

§ 31A-27a-802 — Discharge of liquidator and termination of liquidation proceedings.

Utah § 31A-27a-802

Title 31AInsurance Code

Ch. 31A-27aInsurer Receivership Act

Part 31A-27a-8Discharge

This text of Utah § 31A-27a-802 (Discharge of liquidator and termination of liquidation proceedings.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 31A-27a-802 (2026).

Text

(1)When all property justifying the expense of collection and distribution is collected and distributed under this chapter, the liquidator shall apply to the receivership court for an order discharging the liquidator and terminating the proceeding.

(2)The receivership court may grant the application and make any other orders, including orders to:

(2)(a) transfer any remaining funds that are uneconomic to distribute; or

(2)(b) pursuant to Subsection 31A-27a-703(3), assign an asset that remains unliquidated, including a claim or cause of action, as may be considered appropriate.

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(1) When all property justifying the expense of collection and distribution is collected and distributed under this chapter, the liquidator shall apply to the receivership court for an order discharging the liquidator and terminating the proceeding.
(2) The receivership court may grant the application and make any other orders, including orders to:

(2)(a) transfer any remaining funds that are uneconomic to distribute; or
(2)(b) pursuant to Subsection 31A-27a-703(3), assign an asset that remains unliquidated, including a claim or cause of action, as may be considered appropriate.