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<section article="gfi" article_name="Financial Institutions" number="9-711" title_number="9" title_name="Savings and Loan Associations" subtitle_number="7" subtitle_name="Involuntary Actions -- Conservator; Receivership">
  <level label="a">
    <text>The circuit court administering a conservatorship or receivership under this title has full power to approve and allow or to reject and disallow claims against the conservatorship or receivership estate.</text>
  </level>
  <level label="b">
    <text>In a receivership, the court administering the receivership may estimate for purposes of allowance:</text>
    <level label="1">
      <text>Any contingent, unliquidated, unmatured, or disputed claim, the fixing, liquidation, maturation, or settlement of the dispute of which would delay the administration of the receivership; or</text>
    </level>
    <level label="2">
      <text>Any right to payment arising from a right to an equitable remedy for breach of performance.</text>
    </level>
  </level>
  <level label="c">
    <level label="1">
      <text>In a conservatorship or receivership, a court may reconsider for cause according to the equities of the case a claim that has been allowed or disallowed.</text>
    </level>
    <level label="2">
      <text>A reconsideration under this subsection:</text>
      <level label="i">
        <text>Must be filed within 60 days from the date of the court’s initial determination; and</text>
      </level>
      <level label="ii">
        <text>Does not affect the validity of any payment or transfer from the receivership estate that is made to a holder of an allowed claim on account of the allowed claim that is not reconsidered.</text>
      </level>
    </level>
    <level label="3">
      <text>This subsection does not alter or otherwise prejudice the right of the conservator or receiver to recover any excess payment or transfer made to a creditor.</text>
    </level>
  </level>
</section>
