N.C. Gen. Stat. § 58-30-305: Subordination of claims for noncooperation.
Where this section sits in the code
- Chapter 58. Insurance.
- Article 30. Insurers Supervision, Rehabilitation, and Liquidation.
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 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 G.S. 58-30-220(5). (1989, c. 452, s. 1.)
Collected 2026-08-27T18:06:53Z. Source file · JSON