§ 31-1357. Subordination of claims for noncooperation.

Current through October 23, 2012

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).

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

HISTORICAL AND STATUTORY NOTES

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.