Montana Code 33-2-1375. Termination of liquidation proceedings
Current as of: 2023 | Check for updates
|
Other versions
33-2-1375. Termination of liquidation proceedings. (1) When all assets justifying the expense of collection and distribution have been collected and distributed under this part, the liquidator shall apply to the court for discharge. The court may grant the discharge and make any other orders, including an order to transfer any remaining funds that are uneconomic to distribute, as may be considered appropriate.
Terms Used In Montana Code 33-2-1375
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
(2)Any other person may apply to the court at any time for an order under subsection (1). If the application is denied, the applicant shall pay the costs and expenses of the liquidator in resisting the application, including a reasonable attorney’s fee.