Minn. Stat. § 60B.61
This is the official text of Minn. Stat. § 60B.61, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 60B.61 SUBORDINATION OF CLAIMS FOR NONCOOPERATION.
Official statutory text
If an ancillary receiver in another state or foreign country, whether or not called by that name, fails to transfer to the domiciliary liquidator in this state any assets within the 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 section 60B.44, subdivision 9 .
Status: in_force · Read it on the official government site
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