31A-28-118. Stay of proceedings -- Reopening default judgments.
All proceedings in which the insolvent insurer is a party in any court in this state shall be
stayed 60 days from the date an order of liquidation, rehabilitation, or conservation is final to
permit proper legal action by the association on any matters germane to its powers or duties. The
association may apply to have a judgment under any decision, order, verdict, or finding based on
default set aside by the same court that made the judgment. The association shall be permitted to
defend against the suit on the merits.
Repealed and Re-enacted by Chapter 211, 1991 General Session
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Last revised: Thursday, May 28, 2009