Title 33, Chapter 19, Section 21
( 33-19-21)
Any dissolution or liquidation of any corporation subject to this
chapter shall be under the supervision of the Commissioner. In case
of dissolution of any corporation formed under this chapter, the
claims of membership certificate holders of the corporation shall be
given priority over all other claims except the costs of
liquidation. Next priority shall be given to claims of contracting
hospitals for losses or write-offs shown by the corporation's
records to have been incurred by the contracting hospitals in
furnishing service to membership certificate holders. Any remaining
funds may be distributed only in a manner consistent with the
purposes of the charter and bylaws of the corporation. |