304.33 -450 Distribution of assets. Payments to creditors. Under the direction of the court the liquidator shall pay dividends in a manner that will assure the proper recognition of priorities and a reasonable balance between the expeditious completion of the liquidation and the protection o f unliquidated and undetermined claims, including third -party claims. Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and approved by the court. Effective: June 18, 1970 History: Created 19 70 Ky. Acts ch. 301, subtit. 33, sec. 45, effective June 18, 1970.
Kentucky Legal Code