Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
60B.61 SUBORDINATION OF CLAIMS FOR NONCOOPERATION.
If an ancillary receiver in another state or foreign country, whether or not called by that
name, fails to transfer to the domiciliary liquidator in this state any assets within the receiver's
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 60B.44, subdivision 9.
History: 1969 c 708 s 61; 1986 c 444
If an ancillary receiver in another state or foreign country, whether or not called by that
name, fails to transfer to the domiciliary liquidator in this state any assets within the receiver's
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 60B.44, subdivision 9.
History: 1969 c 708 s 61; 1986 c 444
Official Publication of the State of Minnesota
Revisor of Statutes