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The Laws of New York
Consolidated Laws of New York
CHAPTER 28
Insurance
ARTICLE 74
Rehabilitation, Liquidation, Conservation and Dissolution of Insurers
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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.