O.C.G.A.

O.C.G.A. § 33-37-19 (2019)

Petition for dissolution of corporate existence

✓ 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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The Commissioner may petition for an order dissolving the corporate existence of a domestic insurer or the United States branch of an alien insurer domiciled in this state at the time he applies for a liquidation order. The court shall order dissolution of the corporation upon petition by the Commissioner upon or after the granting of a liquidation order. If the dissolution has not previously been ordered, it shall be effected by operation of law upon the discharge of the liquidator if the insurer is insolvent but may be ordered by the court upon the discharge of the liquidator if the insurer is under a liquidation order for some other reason.

History

Code 1981, § 33-37-19, enacted by Ga. L. 1991, p. 1424, § 7.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. - 37 Am. Jur. 2d, Fraudulent Conveyances and Transfers, §§ 74, 75.

C.J.S. - 44 C.J.S., Insurance, § 208 et seq.