Indiana Code 27-9-4-10. Failure by ancillary receiver to transfer assets
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Terms Used In Indiana Code 27-9-4-10
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Sec. 10. 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 Indiana 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 IC 27-9-3-40(7).
As added by Acts 1979, P.L.255, SEC.1.