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The DC Code: § 31-1357 Subordination of claims for noncooperation.

Index31 Insurance and Securities. (Refs & Annos)

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 the District any assets within his or her 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, shall be placed in the class of claims under § 31- 1340(7).

Historical and Statutory

Prior Codifications 1981 Ed., § 35-2857. Legislative History of Laws For legislative history of D.C. Law 10-35, see Historical and Statutory Notes following § 31-1301. DC CODE § 31-1357 Current through December 11, 2012

Credits

(Oct. 15, 1993, D.C. Law 10-35, § 58, 40 DCR 5773.)