Utah Code 31A-27a-803. Reopening liquidation
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(1) After a liquidation proceeding is terminated and the liquidator discharged, the commissioner may at any time petition the court that was the receivership court to reopen the proceedings for good cause, including the discovery of additional property.
Terms Used In Utah Code 31A-27a-803
- Commissioner: is a s defined in Section 31A-1-301. See Utah Code 31A-27a-102
- Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
- Order: means an order of the commissioner. See Utah Code 31A-1-301
- Proceeding: includes an action or special statutory proceeding. See Utah Code 31A-1-301
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- receivership: means a rehabilitation, liquidation, or ancillary receivership. See Utah Code 31A-27a-102
(2) If the court is satisfied that there is justification for reopening the proceedings, the court shall order the proceedings reopened.