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

O.C.G.A. § 33-14-107 (2019)

Assets

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
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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(a) Assets of a limited purpose subsidiary that are approved by the Commissioner as admitted assets must comply with requirements established by the Commissioner under rules adopted pursuant to this article.

(b) All other assets shall not be admitted assets.

History

Code 1981, § 33-14-107, enacted by Ga. L. 2011, p. 446, § 1/HB 341; Ga. L. 2019, p. 337, § 1-72/SB 132. The 2019 amendment, effective July

1, 2019, substituted ‘‘not be admitted assets’’ for ‘‘be nonadmitted’’ in subsection (b).

Annotations

The 2019 amendment, effective July 1, 2019, substituted "not be admitted assets" for "be nonadmitted" in subsection (b).