Utah Code § 31A-27a-802
Discharge of liquidator and termination of liquidation proceedings
Utah · Utah Code Title 31A — Insurance Code · Status: effective
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- Citation
- Utah Code § 31A-27a-802, Discharge of liquidator and termination of liquidation proceedings, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2334192
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Full text
(1) When all property justifying the expense of collection and distribution is collected and distributed under this chapter, the liquidator shall apply to the receivership court for an order discharging the liquidator and terminating the proceeding.
(2) The receivership court may grant the application and make any other orders, including orders to:
(a) transfer any remaining funds that are uneconomic to distribute; or
(b) pursuant to Subsection 31A-27a-703(3), assign an asset that remains unliquidated, including a claim or cause of action, as may be considered appropriate.