7-2-16. Interim ratable dividends.
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/ut/title-7/chapter-2/7-2-16A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
7-2-16. Interim ratable dividends.
At any time after the expiration of the date fixed for the presentation of claims and prior to the declaration of a final dividend the commissioner may, out of the funds remaining in the commissioner's hands after the payment of expenses, declare and pay, subject to their priorities established under Section 7-2-15 , one or more interim ratable dividends to any person and in the amount and upon such notice as the court directs.
Amended by Chapter 302 , 2025 General Session