Mich. Comp. Laws § 500.8159: Failure to transfer assets.
Where this section sits in the code
- MI Code
- Chapter 500
- Act Act-218-of-1956
Sec. 8159.
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 section 8142(1)(h).
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