Wyoming § 26-28-110 Order of liquidation

Wyoming Statutes

§ 26-28-110 — Order of liquidation

Wyoming § 26-28-110

Title 26Insurance Code

Ch. 28REHABILITATION AND LIQUIDATION

This text of Wyoming § 26-28-110 (Order of liquidation) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 26-28-110 (2026).

Text

(a)An order to liquidate the business of a domestic insurer shall direct the commissioner immediately to:

(i)Take possession of the insurer's property;

(ii)Liquidate the insurer's business;

(iii)Deal with the insurer's property and business in his own name as commissioner of insurance or in the insurer's name, as the court directs; and

(iv)Give notice to all creditors with claims against the insurer to present those claims.

(b)The commissioner may apply for and secure an order dissolving the corporate existence of a domestic insurer upon his application for an order of that insurer's liquidation or at any time after the order is granted.

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(a) An order to liquidate the business of a domestic
insurer shall direct the commissioner immediately to:
(i) Take possession of the insurer's property;
(ii) Liquidate the insurer's business;
(iii) Deal with the insurer's property and business
in his own name as commissioner of insurance or in the insurer's
name, as the court directs; and
(iv) Give notice to all creditors with claims against
the insurer to present those claims.
(b) The commissioner may apply for and secure an order
dissolving the corporate existence of a domestic insurer upon
his application for an order of that insurer's liquidation or at
any time after the order is granted.