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Code · North Carolina · Chapter 97 — Workers' Compensation Act

§ 97-142. Disposition of assets upon dissolution.

68 words·~1 min read·/nc/chapter-97/97-142

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§ 97-142. Disposition of assets upon dissolution.
In the event of dissolution of the Association, all assets remaining after provision for satisfaction of all outstanding claims shall be distributed to the State Treasurer for establishment of a reserve to satisfy potential claims against the Association and, all such claims being satisfied, for inclusion in the general fund of the State. (1985 (Reg. Sess., 1986), c. 1013, s. 1.)
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