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Physicians' Reciprocal Insurers Inc., the second-largest provider of medical malpractice insurance in the state, was in danger of being put into a form of receivership by the state insurance superintendent, Eric R. Dinallo, because its cash reserves had fallen too low.
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Some of the jurisdictions covered by Section 5 now want to be released from this form of federal receivership.
JPMorgan and Goldman Sachs both exited the government assistance programs in the best shape while competitors like Citigroup are still in some form of government receivership.
What this and future administrations also need is a way to exert control over companies facing environmental or other liabilities of the scale now facing BP -- a kind of receivership to prevent manipulations of the corporate form to enable corporate goliaths to escape liability.
Just 2.8 square miles and 9,630 residents, the small community downriver from Detroit has a long history of financial problems and has lingered under various forms of state receivership longer than any other municipality in Michigan.
When it fell short, Dream Center in January entered into receivership, a form of bankruptcy.
The company entered into receivership, a form of bankruptcy, in January to keep the schools running while sorting out its finances.
Dream Center has spent months trying to close and sell some campuses, but could not meet its financial obligations and in January entered into receivership -- a form of bankruptcy.
The judge wants to know whether it would consider seizing assets of UBS in the United States or force it into receivership, a form of bankruptcy with a court-appointed trustee.
§ 51.9 Termination of receivership.
Will Cover Only Causes of Receivership --Reorganization Up to Courts.
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CEO of Professional Science Editing for Scientists @ prosciediting.com