Iowa Code 508C.17 – Stay of proceedings — reopening default judgments
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Terms Used In Iowa Code 508C.17
- Germane: On the subject of the pending bill or other business; a strict standard of relevance.
- state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
- Verdict: The decision of a petit jury or a judge.
508C.17 Stay of proceedings — reopening default judgments.
Proceedings in which the insolvent insurer is a party in a court in this state shall be stayed one hundred eighty days from the date an order of liquidation, rehabilitation, or conservation is final to permit proper legal action by the association on matters germane to its powers or duties. The association may apply to have a judgment under a decision, order, verdict, or finding based on default, set aside by the same court that entered the judgment, and shall be permitted to defend against the suit on the merits.
87 Acts, ch 223, §17; 2011 Acts, ch 70, §21
Proceedings in which the insolvent insurer is a party in a court in this state shall be stayed one hundred eighty days from the date an order of liquidation, rehabilitation, or conservation is final to permit proper legal action by the association on matters germane to its powers or duties. The association may apply to have a judgment under a decision, order, verdict, or finding based on default, set aside by the same court that entered the judgment, and shall be permitted to defend against the suit on the merits.
87 Acts, ch 223, §17; 2011 Acts, ch 70, §21