Rhode Island General Laws 27-14.3-63. Subordination of claims for noncooperation
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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 this state 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 § 27-14.3-46(a)(8).
History of Section.
P.L. 1993, ch. 248, § 1; P.L. 2008, ch. 475, § 80.
Terms Used In Rhode Island General Laws 27-14.3-63
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.