Section 10-3-524 - Collection and listing of assets

(1) As soon as practicable after the liquidation order but not later than one hundred twenty days thereafter, the liquidator shall prepare in duplicate a list of the insurer's assets. The list shall be amended or supplemented from time to time as the liquidator may determine. One copy shall be filed in the office of the clerk of the district court in and for the city and county of Denver and one copy shall be retained for the liquidator's files. All amendments and supplements shall be similarly filed.(2) The liquidator shall reduce the assets to a degree of liquidity that is consistent with the effective execution of the liquidation.(3) A submission to the court for disbursement of assets in accordance with section 10-3-533 fulfills the requirements of subsection (1) of this section.L. 92: Entire part R&RE, p. 1456, § 14, effective July 1.