696B.430 - Subordination of claims for failure to cooperate. - Nevada Statutes

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Statutes > Nevada > Title-57 > Chapter-696b > 696b-430

696B.430 Subordination of claims for failure to cooperate. If an ancillary receiver in another state or foreign country, by whatever name called, fails to transfer to the domiciliary liquidator in this state any assets within the control of the ancillary receiver other than special deposits, diminished only by the expenses, if any, of the ancillary receivership, claims filed in the ancillary receivership, other than special deposit claims or secured claims, must be placed in the class of claims specified in paragraph (j) of subsection 1 of NRS 696B.420.

(Added to NRS by 1971, 1899; A 1997, 3040; 1999, 2526)

State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-696b > 696b-430

696B.430 Subordination of claims for failure to cooperate. If an ancillary receiver in another state or foreign country, by whatever name called, fails to transfer to the domiciliary liquidator in this state any assets within the control of the ancillary receiver other than special deposits, diminished only by the expenses, if any, of the ancillary receivership, claims filed in the ancillary receivership, other than special deposit claims or secured claims, must be placed in the class of claims specified in paragraph (j) of subsection 1 of NRS 696B.420.

(Added to NRS by 1971, 1899; A 1997, 3040; 1999, 2526)

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State Codes and Statutes

Statutes > Nevada > Title-57 > Chapter-696b > 696b-430

696B.430 Subordination of claims for failure to cooperate. If an ancillary receiver in another state or foreign country, by whatever name called, fails to transfer to the domiciliary liquidator in this state any assets within the control of the ancillary receiver other than special deposits, diminished only by the expenses, if any, of the ancillary receivership, claims filed in the ancillary receivership, other than special deposit claims or secured claims, must be placed in the class of claims specified in paragraph (j) of subsection 1 of NRS 696B.420.

(Added to NRS by 1971, 1899; A 1997, 3040; 1999, 2526)