TITLE 10
Courts and civil procedure–Procedure in particular actions

CHAPTER 10-18
Wage Earner Receivership

SECTION 10-18-12


§ 10-18-12 Claims brought to judgment – Priority in case of default.

(a) All creditors (secured and unsecured, prior and subsequent, those included and those excluded from the plan) may bring their claims against the debtor to judgment.

(b) If these proceedings are terminated by dismissal, default, or otherwise:

(1) Any claim reduced to judgment by a subsequent creditor excluded from the plan shall be deemed to have been reduced to judgment one day after these proceedings are terminated.

(2) Any claim reduced to judgment by a prior creditor (whether included or excluded from the plan) or a subsequent creditor included in the plan within a reasonable time after termination of these proceedings shall be deemed to have been reduced to judgment as of the day these proceedings are terminated.

History of Section.
(P.L. 1972, ch. 186, § 1.)