Insurance Law 7414 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 7413 Priority of preferred claims, special deposit claims and secured claims up ARTICLE 74 Rehabilitation, Liquidation, Conservation and Dissolution of Insurers next SECTION 7415 Uniformity of interpretation Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 7414 Attachment and garnishment of assets Insurance (ISC) CHAPTER 28, ARTICLE 74 § 7414. Attachment and garnishment of assets. 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 such action or proceeding within four months prior to the commencement of any such delinquency proceeding or at any time thereafter shall be void as against any rights arising in such delinquency proceeding.