§431:16-217  Stay of proceedings; reopening default judgments.  All proceedings in which the insolvent insurer is a party in any court in this State shall be stayed one-hundred eighty days from the date an order of liquidation, rehabilitation, or conservation is final to permit proper legal action by the association on any matters germane to its powers or duties.  As to judgment under any decision, order, verdict, or finding based on default the association may apply to have such judgment set aside by the same court that made such judgment and shall be permitted to defend against such suit on the merits. [L 1987, c 347, pt of §2; am L 2012, c 250, §12]

 

Note

 

  The 2012 amendment shall not apply to any proceedings in which a member insurer is placed under an order of liquidation prior to July 1, 2012.  L 2012, c 250, §15.