reglab/housing_qa huggingface dataset:
MN Stat § 60B.47 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.47 — Unclaimed And Withheld Funds.

60B.47 UNCLAIMED AND WITHHELD FUNDS. Subdivision 1. Unclaimed funds. All unclaimed funds subject to distribution remaining in the liquidator's hands when the liquidator is ready to apply to the court for discharge, including the amount distributable to any creditor, shareholder, member, or other person who is unknown or cannot be found or who is under disability with no person legally competent to receive that person's distributive share, shall be deposited with the commissioner of management and budget to the credit of the general fund, and shall be paid over without interest except in accordance with section 60B.44 to the person entitled thereto or a legal representative upon proof satisfactory to the commissioner of management and budget of a right thereto. Any amount on deposit not claimed within six years from the discharge of the liquidator is deemed abandoned and shall become the property of the state. The commissioner of management and budget shall at the end of each fiscal year transfer these amounts to the general fund. Subd. 2. Withheld funds. All funds withheld under section 60B.40 and not distributed shall upon discharge of the liquidator be deposited with the commissioner of management and budget and paid in accordance with section 60B.40. Any sums remaining which under section 60B.40 would revert to the undistributed assets of the insurer shall be transferred to the commissioner of management and budget and become the property of the state under subdivision 1, unless the commissioner petitions the court to reopen the liquidation under section 60B.49. History:  1969 c 399 s 1; 1969 c 708 s 47; 1986 c 444; 2003 c 112 art 2 s 50; 2009 c 101 art 2 s 109
MN Stat § 60B.48 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.48 — Termination Of Proceedings.

60B.48 TERMINATION OF PROCEEDINGS. Subdivision 1. Liquidator's application. When all assets justifying the expense of collection and distribution have been collected and distributed under sections 60B.01 to 60B.61, the liquidator shall apply to the court for discharge. The court may grant the discharge and make any other orders deemed appropriate, including an order to transfer to the state treasury to the credit of the general fund any remaining funds that are uneconomic to distribute. Subd. 2. Application by others. Any other person may apply to the court at any time for an order under subdivision 1. If the application is denied, the applicant shall pay the costs and expenses of the liquidator in resisting the application, including a reasonable attorney's fee. History:  1969 c 399 s 1; 1969 c 708 s 48
MN Stat § 60B.49 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.49 — Reopening Liquidation.

60B.49 REOPENING LIQUIDATION. After the liquidation proceeding has been terminated and the liquidator discharged, the commissioner or other interested party may at any time petition the court to reopen the proceedings for good cause, including the discovery of additional assets. If the court is satisfied that there is justification for reopening, it shall so order. History:   1969 c 708 s 49
MN Stat § 60B.50 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.50 — Disposition Of Records During And After Termination Of Liquidation.

60B.50 DISPOSITION OF RECORDS DURING AND AFTER TERMINATION OF LIQUIDATION. Whenever it appears to the commissioner that the records of an insurer in process of liquidation or completely liquidated are no longer useful, the commissioner may recommend to the court what records should be retained for future reference and what should be disposed of. The court shall enter an order thereon. The commissioner shall immediately submit to the state Historical Society a copy of the court order, and on written application of the Historical Society within three months after receipt from the commissioner of the copy of the court order, the commissioner shall deliver to the society such records which are to be disposed of as the society deems of historical significance and shall destroy the remainder, whether or not the records have been photographed or otherwise reproduced. Until further order of the court, the commissioner shall keep all records the court orders preserved. History:  1969 c 708 s 50; 1986 c 444
MN Stat § 60B.51 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.51 — External Audit Of Receiver's Books.

60B.51 EXTERNAL AUDIT OF RECEIVER'S BOOKS. The court in which the proceeding is pending may, as it deems desirable, cause audits to be made of the books of the commissioner relating to any receivership established under sections 60B.01 to 60B.61, and a report of each audit shall be filed with the commissioner and with the court. The books, records, and other documents of the receivership shall be made available to the auditor at any time without notice. The expense of each audit shall be considered a cost of administration of the receivership. History:   1969 c 708 s 51
MN Stat § 60B.52 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.52 — Conservation Of Property Of Foreign Or Alien Insurers Found In This State.

60B.52 CONSERVATION OF PROPERTY OF FOREIGN OR ALIEN INSURERS FOUND IN THIS STATE. Subdivision 1. Grounds for petition. If a domiciliary liquidator has not been appointed, the commissioner may apply to the District Court for Ramsey County by verified petition for an order directing the commissioner to conserve the property of an alien insurer not domiciled in this state or a foreign insurer on any one or more of the following grounds: (a) any of the grounds in section 60B.15; (b) any of the grounds in section 60B.20; (c) that any of its property has been sequestered by official action in its domiciliary state, or in any other state; (d) that enough of its property has been sequestered in a foreign country to give reasonable cause to fear that the insurer is or may become insolvent; (e) that its certificate of authority to do business in this state has been revoked or that none was ever issued, and there are residents of this state with outstanding claims or outstanding policies. Subd. 2. Terms of order. The court may issue the order in whatever terms it deems appropriate. The recording of the order with any county recorder in this state imparts the same notice as a deed, bill of sale, or other evidence of title duly recorded with that county recorder. Subd. 3. Transformation to liquidation or ancillary receivership. The conservator may at any time petition for and the court may grant an order under section 60B.53 to liquidate the assets of a foreign or alien insurer under conservation or, if appropriate, for an order under section 60B.55 to be appointed ancillary receiver. Subd. 4. Order to return to company. The conservator may at any time petition the court for an order terminating conservation of an insurer. If the court finds that the conservation is no longer necessary, it shall order that the insurer be restored to possession of its property and the control of its business. The court may also make such finding and issue such order at any time upon its own motion. History:  1969 c 708 s 52; 1976 c 181 s 2; 1986 c 444; 2005 c 4 s 9
MN Stat § 60B.53 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.53 — Liquidation Of Property Of Foreign Or Alien Insurers Found In This State.

60B.53 LIQUIDATION OF PROPERTY OF FOREIGN OR ALIEN INSURERS FOUND IN THIS STATE. Subdivision 1. Grounds for petition. If no domiciliary receiver has been appointed, the commissioner may apply to the District Court for Ramsey County by verified petition for an order directing the commissioner to liquidate the assets found in this state of a foreign insurer or an alien insurer not domiciled in this state, on any of the following grounds: (a) Any of the grounds in section 60B.15. (b) Any of the grounds in section 60B.20. (c) Any of the grounds in section 60B.52. Subd. 2. Terms of order. If it appears to the court that the best interests of creditors, policyholders, and the public so require, the court may issue an order to liquidate in whatever terms it deems appropriate. The recording of the order with any county recorder in this state imparts the same notice as a deed, bill of sale, or other evidence of title duly recorded with that county recorder. Subd. 3. Conversion to ancillary proceedings. If a domiciliary liquidator is appointed in a reciprocal state while a liquidation is proceeding under this section, the liquidator under this section shall thereafter act as ancillary receiver under section 60B.55. If a domiciliary liquidator is appointed in a nonreciprocal state while a liquidation is proceeding under this section, the liquidator under this section may petition the court for permission to act as ancillary receiver under section 60B.55. Subd. 4. Federal receivership. On the same grounds as are specified in subdivision 1, the commissioner may petition any appropriate federal district court to be appointed receiver to liquidate that portion of the insurer's assets and business over which the court will exercise jurisdiction, or any lesser part thereof that the commissioner deems desirable for the protection of the policyholders and creditors in this state. The commissioner may accept appointment as federal receiver if another person files a petition. History:  1969 c 708 s 53; 1976 c 181 s 2; 1986 c 444; 2005 c 4 s 10
MN Stat § 60B.54 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.54 — Foreign Domiciliary Receivers In Other States.

60B.54 FOREIGN DOMICILIARY RECEIVERS IN OTHER STATES. Subdivision 1. Property rights and title; reciprocal state. The domiciliary liquidator of an insurer domiciled in a reciprocal state shall be vested by operation of law with the title to all of the property, contracts, and rights of action, and all of the books, accounts, and other records of the insurer located in this state. The date of vesting shall be the date of the filing of the petition, if that date is specified by the domiciliary law for the vesting of property in the domiciliary state; otherwise, the date of vesting shall be the date of entry of the order directing possession to be taken. The domiciliary liquidator shall have the immediate right to recover balances due from agents and to obtain possession of the books, accounts, and other records of the insurer located in this state. The domiciliary liquidator also shall have the right to recover the other assets of the insurer located in this state, subject to section 60B.55, subdivision 2. Subd. 2. Property rights and title; state not a reciprocal state. If a domiciliary liquidator is appointed for an insurer not domiciled in a reciprocal state, the commissioner of this state shall be vested by operation of law with the title to all of the property, contracts, and rights of action, and all of the books, accounts, and other records of the insurer located in this state, at the same time that the domiciliary liquidator is vested with title in the domicile. The commissioner of this state may petition for a conservation or liquidation order under section 60B.52 or 60B.53, or for an ancillary receivership under section 60B.55, or after approval by the District Court for Ramsey County may transfer title to the domiciliary liquidator, as the interests of justice and the equitable distribution of the assets require. Subd. 3. Filing claims. Claimants residing in this state may file claims with the liquidator or ancillary receiver, if any, in this state or with the domiciliary liquidator, if the domiciliary law permits. The claims must be filed on or before the last date fixed for the filing of claims in the domiciliary liquidation proceedings. History:  1969 c 708 s 54; 1986 c 444
MN Stat § 60B.55 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.55 — Ancillary Formal Proceedings.

60B.55 ANCILLARY FORMAL PROCEEDINGS. Subdivision 1. Appointment of ancillary receiver in this state. If a domiciliary liquidator has been appointed for an insurer not domiciled in this state, the commissioner shall file a petition with the District Court for Ramsey County requesting appointment as ancillary receiver in this state: (a) if the commissioner finds that there are sufficient assets of the insurer located in this state to justify the appointment of an ancillary receiver; (b) if ten or more persons resident in this state having claims against the insurer file a petition with the commissioner requesting appointment of an ancillary receiver; or (c) if the protection of creditors or policyholders in this state so requires. Subd. 2. Terms of order. The court may issue an order appointing an ancillary receiver in whatever terms it deems appropriate. The recording of the order with any county recorder in this state imparts the same notice as a deed, bill of sale, or other evidence of title duly recorded with that county recorder. Subd. 3. Property rights and title; ancillary receivers in this state. When a domiciliary liquidator has been appointed in a reciprocal state, the ancillary receiver appointed in this state under subdivision 1 shall have the sole right to recover all the assets of the insurer in this state not already recovered by the domiciliary liquidator, except that the domiciliary liquidator shall be entitled to and have the sole right to recover balances due from agents and the books, accounts, and other records of the insurer. The ancillary receiver shall have the right to recover balances due from agents and books, accounts, and other records of the insurer, if such action is necessary to protect the assets because of inaction by the domiciliary liquidator. The ancillary receiver shall, as soon as practicable, liquidate from their respective securities those special deposit claims and secured claims which are proved and allowed in the ancillary proceedings in this state, and shall pay the necessary expenses of the proceedings. The ancillary receiver shall promptly transfer all remaining assets to the domiciliary liquidator. Subject to this section, the ancillary receiver and deputies shall have the same powers and be subject to the same duties with respect to the administration of assets as a liquidator of an insurer domiciled in this state. Subd. 4. Property rights and title; foreign ancillary receivers. When a domiciliary liquidator has been appointed in this state, ancillary receivers appointed in reciprocal states shall have, as to assets and books, accounts, and other records located in their respective states, corresponding rights and powers to those prescribed in subdivision 3 for ancillary receivers appointed in this state. History:  1969 c 708 s 55; 1976 c 181 s 2; 1986 c 444; 2005 c 4 s 11
MN Stat § 60B.56 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.56 — Ancillary Summary Proceedings.

60B.56 ANCILLARY SUMMARY PROCEEDINGS. The commissioner has the sole discretionary authority to institute proceedings under sections 60B.11 to 60B.13 at the request of the commissioner or other appropriate official of the domiciliary state of any foreign or alien insurer having property located in this state. History:  1969 c 708 s 56; 1986 c 444
MN Stat § 60B.57 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.57 — Claims Of Nonresidents Against Insurers Domiciled In This State.

60B.57 CLAIMS OF NONRESIDENTS AGAINST INSURERS DOMICILED IN THIS STATE. Subdivision 1. Filing claims. In a liquidation proceeding begun in this state against an insurer domiciled in this state, claimants residing in foreign countries or in states not reciprocal states must file claims in this state, and claimants residing in reciprocal states may file claims either with the ancillary receivers, if any, in their respective states, or with the domiciliary liquidator. Claims must be filed on or before the last dates fixed for the filing of claims in the domiciliary liquidation proceeding. Subd. 2. Proving claims. Claims belonging to claimants residing in reciprocal states may be proved either in the liquidation proceeding in this state as provided in sections 60B.01 to 60B.61, or in ancillary proceedings, if any, in the reciprocal states. If notice of the claim and opportunity to appear and be heard is afforded the domiciliary liquidator of this state as provided in section 60B.58 with respect to ancillary proceedings in this state, the final allowance of claims by the courts in ancillary proceedings in reciprocal states shall be conclusive as to amount and as to priority against special deposits or other security located in the ancillary states, but shall not be conclusive with respect to priorities against general assets under section 60B.44. History:   1969 c 708 s 57
MN Stat § 60B.58 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.58 — Claims Of Residents Against Insurers Domiciled In Reciprocal States.

60B.58 CLAIMS OF RESIDENTS AGAINST INSURERS DOMICILED IN RECIPROCAL STATES. Subdivision 1. Filing claims. In a liquidation proceeding in a reciprocal state against an insurer domiciled in that state, claimants against the insurer who reside within this state may file claims either with the ancillary receiver, if any, in this state, or with the domiciliary liquidator. Claims must be filed on or before the last dates fixed for the filing of claims in the domiciliary liquidation proceeding. Subd. 2. Proving claims. Claims belonging to claimants residing in this state may be proved either in the domiciliary state under the law of that state or in ancillary proceedings, if any, in this state. If a claimant who elects to prove a claim in this state shall file the claim with the court in the manner provided in sections 60B.37 and 60B.38. The ancillary receiver shall make recommendation to the court as under section 60B.45. The ancillary receiver also shall arrange a date for hearing if necessary under section 60B.41 and shall give notice to the liquidator in the domiciliary state, either by certified mail or by personal service at least 40 days prior to the date set for hearing. If a domiciliary liquidator, within 30 days after the giving of such notice, gives notice in writing to the ancillary receiver and to the claimant, either by certified mail or by personal service, of intention to contest the claim, the domiciliary liquidator shall be entitled to appear or to be represented in any proceeding in this state involving the adjudication of the claim. The final allowance of the claim by the courts of this state shall be accepted as conclusive as to amount and as to priority against special deposits or other security located in this state. History:  1969 c 708 s 58; 1978 c 674 s 60; 1986 c 444
MN Stat § 60B.59 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.59 — Attachment, Garnishment And Levy Of Execution.

60B.59 ATTACHMENT, GARNISHMENT AND LEVY OF EXECUTION. During the pendency in this or any other state of a liquidation proceeding, whether or not called by that name, no action or proceeding in the nature of an attachment, garnishment, or levy of execution shall be commenced or maintained in this state or elsewhere against the delinquent insurer or its assets. History:   1969 c 708 s 59
MN Stat § 60B.60 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.60 — Interstate Priorities.

60B.60 INTERSTATE PRIORITIES. Subdivision 1. Priorities. In a liquidation proceeding in this state involving one or more reciprocal states, the order of distribution of the domiciliary state shall control as to all claims of residents of this and reciprocal states. All claims of residents of reciprocal states shall be given equal priority of payment from general assets regardless of where such assets are located. Subd. 2. Priority of special deposit claims. The owners of special deposit claims against an insurer for which a liquidator is appointed in this or any other state shall be given priority against the special deposits in accordance with the statutes governing the creation and maintenance of the deposits. If there is a deficiency in any deposit so that the claims secured by it are not fully discharged from it, the claimants may claim against a security fund share in the general assets, but the sharing shall be deferred until general creditors having the same priority, and also claimants against other special deposits having the same priority who have received smaller percentages from their respective special deposits, have been paid percentages of their claims equal to the percentage paid from the special deposit. Subd. 3. Priority of secured claims. The owner of a secured claim against an insurer for which a liquidator has been appointed in this or any other state may surrender the security and file a claim as a general creditor, or the claim may be discharged by resort to the security in accordance with section 60B.43, in which case the deficiency, if any, shall be treated as a claim against the general assets of the insurer on the same basis as claims of unsecured creditors having the same priority. History:  1969 c 708 s 60; 1986 c 444; 1994 c 425 s 6,7
MN Stat § 60B.61 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60B — Rehabilitation And Liquidation|Section 60B.61 — Subordination Of Claims For Noncooperation.

60B.61 SUBORDINATION OF CLAIMS FOR NONCOOPERATION. If an ancillary receiver in another state or foreign country, whether or not called by that name, fails to transfer to the domiciliary liquidator in this state any assets within the receiver's control other than special deposits, diminished only by the expenses of the ancillary receivership, if any, the claims filed in the ancillary receivership, other than special deposit claims or secured claims, shall be placed in the class of claims under section 60B.44, subdivision 9. History:  1969 c 708 s 61; 1986 c 444
MN Stat § 60C.01 (2021)
2021 Minnesota Statutes|Chapters 59A - 79A — Insurance|Chapter 60C — Insurance Guaranty Association|Section 60C.01 — Citation.

60C.01 CITATION. This chapter may be cited as the "Minnesota Insurance Guaranty Association Act." History:   1971 c 145 s 1