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2020 Georgia Code
Title 46 - Public Utilities and Public Transportation
Chapter 3 - Electrical Service
Article 4 - Electric Membership Corporations and Foreign Electric Cooperatives
Part 12 - Dissolution of Electric Membership Corporations
§ 46-3-433. Qualification of Receivers; Giving of Bond
Universal Citation: GA Code § 46-3-433 (2020)
- A receiver shall in all cases be a citizen of the United States or a corporation authorized to act as receiver, which corporation may be a domestic corporation, either business or nonprofit, or a foreign corporation, either business or nonprofit, authorized to transact business in this state.
- A receiver shall in all cases give such bond as the court may direct, with such sureties as the court may require.
(Code 1933, § 34C-1214, enacted by Ga. L. 1981, p. 1587, § 1.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 19 Am. Jur. 2d, Corporations, § 2740, 2741, 2746. 65 Am. Jur. 2d, Receivers, §§ 36 et seq., 74 et seq.
C.J.S.- 19 C.J.S., Corporations, § 866.
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