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New Jersey Statutes, Title: 17B, INSURANCE
Chapter 32:
Section: 17B:32-88: Failure of ancillary receiver to transfer assets
58. 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 this State 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 Class 7 claims pursuant to paragraph (7) of subsection a. of section 41 of this act.
L.1992,c.65,s.58.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 17b:32-88 (if available):
Court decisions that cite this statute:
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