Under the direction of the court, the liquidator shall pay distributions in a manner that will assure the proper recognition of priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined claims, including third party claims. Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and approved by the court.
Miss. Code Ann. § 83-24-87
Payment of distributions
Known as the Insurers Rehabilitation and Liquidation Act
The act spans §§ 83–83 (59 sections).
Laws, 1991, ch. 417, § 44, eff from and after passage (approved March 20, 1991
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.