N.D. Cent. Code § 26.1-06.1-58

Current through the 2023 Legislative Sessions
Section 26.1-06.1-58 - 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 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.

N.D.C.C. § 26.1-06.1-58