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 the ancillary receiver's 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 placed in the class of claims under § 56-9-330(7).
Tenn. Code Ann. § 56-9-410
Ancillary receiver — Failure to transfer assets
Known as the Insurers Rehabilitation and Liquidation Act
The act spans §§ 56-9-101 to 56-9-511 (71 sections).
Acts 1991, ch. 142, § 4.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.