58-29B-77. Voidable lien dissolved--Indemnifying transfer or lien deemed voidable. If any lien deemed voidable under § 58-29B-67 has been dissolved by the furnishing of a bond or other obligation, the surety on which has been indemnified directly or indirectly by the transfer of or the creation of a lien upon any property of an insurer before the filing of a petition under this chapter which results in a liquidation order, the indemnifying transfer or lien shall also be deemed voidable.
Source: SL 1989, ch 436, § 77.
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