Powers and Duties of Department Before and After Determination to Liquidate

1. Law
2. Georgia Code
3. Banking and Finance
4. Financial Institutions
5. Provisions Applicable to Department of Banking and Finance and Financial Institutions Generally
6. Receivership Powers and Procedures Generally
7. Powers and Duties of Department Before and After Determination to Liquidate

Except where otherwise specifically provided, all powers and duties granted by this chapter to the department in possession of the business and property of a financial institution as receiver may be exercised by it both before and after its formal determination, pursuant to this chapter, to liquidate the affairs of such financial institution.

(Code 1933, § 41A-712, enacted by Ga. L. 1974, p. 705, § 1.)

RESEARCH REFERENCES

C.J.S.

- 9 C.J.S., Banks and Banking, §§ 133, 136, 139.

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