7-22-109. Priority of claims in case of insolvency.
If the commissioner takes possession of the business and property of the escrow agent in
accordance with Title 7, Chapter 2, Possession of Depository Institution by Commissioner, or if
the escrow agent files or is involuntarily placed into bankruptcy, or if a receiver, conservator, or
liquidator is appointed to administer the affairs of the escrow agent, the claims of persons for
losses relating to funds or property held in escrow shall have the same priority as claims of
depositors in Section 7-2-15.
Enacted by Chapter 133, 1991 General Session
Download Code Section Zipped WordPerfect 07_22_010900.ZIP 1,839 Bytes
Sections in this Chapter|Chapters in this Title|All Titles|Legislative Home Page
Last revised: Thursday, May 28, 2009