40 Pa. Stat. § 991.1716

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 991.1716 - Stay of proceedings and reopening default judgments

All proceedings in which the insolvent insurer is a party in any court in this Commonwealth shall be stayed one hundred eighty (180) days from the date an order of liquidation, rehabilitation or conservation is final to permit proper legal action by the association on any matters germane to its powers or duties. As to judgment under any decision, order, verdict or finding based on default, the association may apply to have such judgment set aside by the same court that made such judgment and shall be permitted to defend against such suit on the merits.

40 P.S. § 991.1716

Amended by P.L. TBD 2020 No. 113, § 3, eff. 11/3/2020.
1921, May 17, P.L. 682, No. 284, art. XVII, § 1716, added 1992, Dec. 18, P.L. 1519, No. 178, § 19, imd. effective.