O.C.G.A.
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.
Under the direction of the court, the liquidator shall pay distributions in a manner that will assure the proper recognition of priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined claims, including third-party claims. Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and approved by the court.
History
Code 1981, § 33-37-43, enacted by Ga. L. 1991, p. 1424, § 7.
Annotations
RESEARCH REFERENCES Am. Jur. 2d. - 43 Am. Jur. 2d, Insurance, § 83 et seq. ALR. - Conflict of laws respecting duration of or time for enforcement of liability of policyholders in respect of assessments, 161 A.L.R. 989.
Decision of United States Supreme Court that insurance is interstate commerce as affecting state statutes relating to foreign insurance companies, 164 A.L.R. 500.
Notes of Decisions
Cited in
2
cases, 1992–1992 · leading case:
Garamendi v. Ryles, 420 S.E.2d 633 (Ga. Ct. App. 1992).
Garamendi v. Ryles, 420 S.E.2d 633 (Ga. Ct. App. 1992).
· cites it 2× “Under former OCGA § 33-37-43 (c), title to the Mission Companies’ Georgia assets would vest in appellant if California was a “reciprocal state.”
Heritage Ins. Co. of Am. v. Evans, 421 S.E.2d 534 (Ga. Ct. App. 1992).
· cites it 2× “In February 1986, Heritage Insurance Company was declared insolvent by Illinois and Warren Evans, Commissioner of Insurance for Georgia, was appointed ancillary receiver because there were substantial assets located in Georgia, as provided in OCGA § 33-37-43 (a). 1 Pursuant to…”
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