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  • SECTION 7413
    Priority of preferred claims, special deposit claims and secured claims
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  • ARTICLE 74
    Rehabilitation, Liquidation, Conservation and Dissolution of Insurers
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  • SECTION 7415
    Uniformity of interpretation
    • This entry was published on 2014-09-22
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    SECTION 7414

    Attachment and garnishment of assets

    Insurance (ISC) CHAPTER 28, ARTICLE 74

    § 7414. Attachment and garnishment of assets. During the pendency of
    delinquency proceedings in this or any reciprocal state no action or
    proceeding in the nature of an attachment, garnishment, or execution
    shall be commenced or maintained in the courts of this state against the
    delinquent insurer or its assets. Any lien obtained by any such action
    or proceeding within four months prior to the commencement of any such
    delinquency proceeding or at any time thereafter shall be void as
    against any rights arising in such delinquency proceeding.