Section 7431. Determination of liability of members for other indebtedness  


Latest version.
  • (a) If it shall appear that a member of a  domestic  mutual  insurer  is
      indebted  to  such  insurer, apart from his liability to assessment, the
      court may, upon the application of  the  superintendent,  in  any  order
      under  section  seven  thousand  four  hundred  thirty  of  this article
      directing such member to show cause why he should not be held liable  to
      pay  an  assessment, likewise direct him to show cause why he should not
      be held liable to pay such indebtedness.
        (b) The liability of  such  member  for  such  indebtedness  shall  be
      determined  in  the  same manner, and at the same time, as his liability
      for such assessment is  determined,  and  the  superintendent  may  have
      judgment therefor, without any additional costs.