304.33 -600 Subordination of claims for noncooperation. 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 his control other than special deposits, diminished only by the expenses of th e 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 subsection (8) of KRS 304.33 - 430. Effective: July 14, 2000 History: Amended 2000 Ky. Acts ch. 255, sec. 8, effective July 14, 2000. -- Created 1970 Ky. Acts ch. 301, subtit. 33, sec. 60, effective June 18, 1970.
Kentucky Legal Code