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- Alaska Statutes.
- Title 21. Insurance
- Chapter 78. Rehabilitation and Liquidation
- Section 253. Claims of Holders of Void or Voidable Rights.
previous: Section 252
. Voidable Preferences and Liens.
next: Section 260
. Priority of Distribution.
AS 21.78.253. Claims of Holders of Void or Voidable Rights.
- (a) A claim of a creditor who has received or acquired a preference, lien, conveyance, transfer, assignment, or
encumbrance that is voidable under this chapter may not be allowed unless the creditor surrenders the preference, lien,
conveyance, transfer, assignment, or encumbrance. If the avoidance is affected by a proceeding in which a final
judgment has been entered, the claim may not be allowed unless the money is paid or the property is delivered to the
receiver within 30 days after the date of the entering of the final judgment, except that the court having jurisdiction
over the liquidation may allow further time if there is an appeal or other continuation of the proceeding.
- (b) A claim allowable under (a) of this section by reason of avoidance, whether voluntary or involuntary, or a preference,
lien, conveyance, transfer, assignment, or encumbrance, may be filed as an excused late filing under AS 21.78.292
if filed within 30 days after the date of avoidance, or within the further time allowed by the court under (a) of this
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