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HomeMy WebLinkAbout2508 . . f. Commence and maintain all legal actions *~ecessary for the conduct~of this receivership. ~ g. Not defend legal actions wherein Respondent or the Receiver ~ . } is a party defendant, commenced either prior to or subsequent to this- ~ order of appointment of a Receiver, without authorization of this Court. h. Take possession of al? of Respondent's securities on - ~ deposit with the Treasurer of Florida in the approximate par value ~ amount of 5533,000.00, convert to cash so much of the same as may be a necessary, in its judgment, to pay expenses as set forth in (e) hereinabove: 6. All persons who have in their possession, custody or control, ~ assets of the Respondent of any kind whatsoever and wheresoever situate, . including, but not limited to, monies, books or records, personal or real property, are directed forthwith to deliver upon demand such assets or books and records to the Receiver. , ~ ' I 7. Title to all property, real or personal, all contracts, ; rights of action and all books and records of Respondent, wheresoever located within or without this state are vested in the Receiver. 8. All policies of insurance or similar contracts of coverage issued by the insurer shall remain in force until further order of this Court. Pending a determination of the financial status of the Respondent, it is a furthe~ ~rder of this Court that insurance business, new or renewal, shall~e issued by the Respondent. ~ 9. All persons, corporations or associations are enjoined from f interfering with the Receiver in the conduct of these proceedings, the ~ wasting of assets, the commencement or prosecution of any actions against ; Respondent or the Receiver, the obtaining of preferences, judgments or _ ~ . ~ attachments, writs of garnishment, or other liens, or the making of any ~ levy or execution against the Respondent or the Receiver during the ~ t ~ conduct of this rereivership. - ~ a ~ 10. Any plan of rehabilitation proposed by Respondent shall be s ~ ~ submitted to the Department of Insurance in writing at least three days ' prior to any hearing before this court on any such proposed plan. y ~ DONE and ORDERED at Tallahassee, Leon County, Florida, this ~ ~ ' day of January, 197S.~ _ ~ ~ v ~ ~ . 3 ~ ~ ~ ~ ` i~~~i : ~ : ~ . . ^x ; ~ ~ 5~ j ~ k ~3~ PAGE25O 1 ~ BOOK ~ ~ • ~ _ ~ . : , ~ _ . . . . _ -e- . ~