Sec. 38a-961. (Formerly Sec. 38-479). Subordination of claims for noncooperation.
Sec. 38a-961. (Formerly Sec. 38-479). Subordination of claims for noncooperation. 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 pursuant to
subdivision (8) of subsection (a) of section 38a-944.
(P.A. 79-382, S. 59.; P.A. 98-214, S. 27.)
History: Sec. 38-479 transferred to Sec. 38a-961 in 1991; P.A. 98-214 substituted reference to Sec. 38a-944(a)(8) for
reference to Sec. 38a-944(g).