Home/DC Code/§ 31-1304
§ 31-1304Title 31

Injunctions and orders.

Any receiver appointed in a proceeding under this chapter may at any time apply for, and any court of general jurisdiction may grant, restraining orders, preliminary and permanent injunctions, and other orders deemed necessary and proper to prevent: The transaction of further business; The transfer of property; Interference with the receiver or with a proceeding under this chapter; Waste of the insurer’s assets; Dissipation and transfer of bank accounts; The institution or further prosecution of any actions or proceedings; The obtaining of preferences, judgments, attachments, garnishments, or liens against the insurer, its assets or its policyholders; The levying of execution against the insurer, its assets, or its policyholders; The making of any sale or deed for nonpayment of taxes or assessments that would lessen the value of the assets of the insurer; The withholding from the receiver of books, accounts, documents, or other records relating to the business of the insurer; or Any other threatened or contemplated action that might lessen the value of the insurer’s assets or prejudice the rights of policyholders, creditors, or shareholders, or the administration of any proceeding under this chapter. The receiver may apply to any court outside of the jurisdiction for the relief described in subsection (a) of this section.

Annotations

Oct. 15, 1993, D.C. Law 10-35, § 5, 40 DCR 5773
1981 Ed., § 35-2804.
Source XML

Sourced from the DC Council Open Law Library (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.