83-23-3 - Certain receiverships dispensed with.
§ 83-23-3. Certain receiverships dispensed with.
In the event the company in receivership is a foreign company and a receiver has been appointed in the state of domicile of the impaired company, the court shall dispense with the Mississippi receivership unless the court is of the opinion that a Mississippi receivership will best serve the interest of Mississippi policyholders and claimants.
Sources: Codes, 1942, § 5643; Laws, 1938, ch. 195; Laws, 1958, ch. 434, § 2.