Section 9-220 - Attachment or garnishment of assets.
§ 9-220. Attachment or garnishment of assets.
(a) In general.- During pendency of a delinquency proceeding in this State or a reciprocal state, an attachment, garnishment, execution, or similar action or proceeding may not be commenced or maintained in a court of this State against the impaired insurer or its assets.
(b) Effect on rights in delinquency proceeding.- A lien obtained or an action or proceeding prohibited by subsection (a) of this section is void as against any rights arising in the delinquency proceeding, if the lien was obtained or the action or proceeding commenced within 4 months before or at any time after commencement of a delinquency proceeding.
[An. Code 1957, art. 48A, § 151; 1996, ch. 11.]