Virginia Code 6.2-932: Payment of claims filed after prescribed period.
Current as of: 2024 | Check for updates
|
Other versions
Any claim filed after the 180-day claim period prescribed by § 6.2-931, and subsequently accepted by the FDIC as receiver or allowed by the receivership court, shall be entitled to share in the distribution of assets only to the extent of the undistributed assets in the hands of the FDIC as receiver on the date such claim is accepted or allowed.
Terms Used In Virginia Code 6.2-932
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- FDIC: means the Federal Deposit Insurance Corporation. See Virginia Code 6.2-800
- Receivership court: means the circuit court that appoints a receiver for a bank pursuant to this article. See Virginia Code 6.2-925
1983, c. 507, § 6.1-110.8; 2010, c. 794.