10-4-518. Stay of proceedings.

Statute text

All proceedings to which an insolvent insurer is a party in any court in this state shall be stayed for sixty days after the date the insolvency is determined to permit proper defense by the association of all pending causes of action.

History

Source: L. 71: p. 763, 1. C.R.S. 1963: 72-34-18.

Annotations

Cross references: For stay of proceedings to permit proper defense by the Colorado insurance guaranty association, see 10-4-508 (1)(d) regarding the exercise of powers and duties relevant thereto.