Minnesota Statutes 61B.32 – Stay of Proceedings; Reopening Default Judgments
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All proceedings in which the insolvent insurer is a party in a court in this state must be stayed 60 days from the date an order of liquidation, rehabilitation, or conservation is final to permit proper legal action by the association on matters germane to its powers or duties. As to judgment under a decision, order, verdict, or finding based on default, the association may apply to have the judgment set aside by the same court that made the judgment and may defend against the suit on the merits.
Terms Used In Minnesota Statutes 61B.32
- Germane: On the subject of the pending bill or other business; a strict standard of relevance.
- state: extends to and includes the District of Columbia and the several territories. See Minnesota Statutes 645.44
- Verdict: The decision of a petit jury or a judge.