§ 31-5415. Stay of proceedings; reopening default judgments.

Current through October 23, 2012

(a) All proceedings in which the insolvent insurer is a party in any court in the District of Columbia shall be stayed 60 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.

(b) As to judgment under any decision, order, verdict, or finding based on default, the Association may apply to have the judgment set aside by the same court that made the judgment and shall be permitted to defend against the suit on the merits.

                
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(July 22, 1992, D.C. Law 9-129, § 16, 39 DCR 4036.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 35-1955.

Legislative History of Laws

For legislative history of D.C. Law 9-129, see Historical and Statutory Notes following § 31-5401.