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Miss. Code Ann. § 83-24-91

Application for order of discharge; costs and expenses

Known as the Insurers Rehabilitation and Liquidation Act

The act spans §§ 83–83 (59 sections).

Laws, 1991, ch. 417, § 46, eff from and after passage (approved March 20, 1991

(1) When all assets justifying the expense of collection and distribution have been collected and distributed under this chapter, the liquidator shall apply to the court for discharge. The court may grant the discharge and make any other orders, including an order to transfer any remaining funds that are uneconomic to distribute, as may be deemed appropriate.

(2) Any other person may apply to the court at any time for an order under subsection (1). If the application is denied, the applicant shall pay the costs and expenses of the liquidator in resisting the application, including a reasonable attorney’s fee.

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.