TITLE 27
Insurance

CHAPTER 27-14.4
Uniform Insurers Liquidation Act

SECTION 27-14.4-16


§ 27-14.4-16 Attachment, garnishment, and execution.

During the pendency of delinquency proceedings in this or any reciprocal state no action or proceeding in the nature of an attachment, garnishment, or execution shall be commenced or maintained in the courts of this state against the delinquent insurer or its assets. Any lien obtained by any action or proceeding in the nature of an attachment, garnishment, or execution within four (4) months prior to the commencement of any delinquency proceeding or at any time after this shall be void as against any rights arising in the delinquency proceeding.

History of Section.
(P.L. 1994, ch. 141, § 2.)