O.C.G.A.
O.C.G.A.

O.C.G.A. § 20-2-2009 (2019)

Joint and several liability of fund members

✓ O.C.G.A.: 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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Each board of education shall be jointly and severally liable for all legal obligations of a fund which arise out of an event which occurred while such board was a member of such fund; provided, however, that a fund shall not assume a risk greater than an amount to be determined by the Commissioner; and provided, further, that this legal obligation may be enforced by an assessment against such member as provided in the bylaws of the agency.

History

Code 1981, § 20-2-2009, enacted by Ga. L. 1986, p. 1172, § 1.

Notes of Decisions
Cited in 1 case, 2017–2017 · leading case: Nat'l Cas. Co. v. Georgia Sch. Boards Ass'n-Risk Mgmt. Fund, 261 F. Supp. 3d 1316 (N.D. Ga. 2017).
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Nat'l Cas. Co. v. Georgia Sch. Boards Ass'n-Risk Mgmt. Fund, 261 F. Supp. 3d 1316 (N.D. Ga. 2017). · cites it 2× “(DSMF ¶¶ 18-19; O.C.G.A. § 20-2-2009). The Coverage Agreements contain a provision limiting coverage where insurance is available from another source (Risk Fund’s “Other Coverage Provision”): 4.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.