N.C. Gen. Stat. § 58-64-60
Repealed by Session Laws 2025-58, s. 1, effective December 1, 2025
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
In the event of liquidation of a provider, all contracts for continuing care executed by the provider shall be deemed preferred claims against all assets owned by the provider; provided, however, such claims shall be subordinate to the liquidator's cost of administration or any secured claim.
In the event of liquidation of a provider, all contracts for continuing care executed by the provider shall be deemed preferred claims against all assets owned by the provider; provided, however, such claims shall be subordinate to the liquidator’s cost of administration or any secured claim.
History
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.