O.C.G.A.
O.C.G.A. § 46-3-435 (2019)
Discontinuance of liquidation proceedings
✓ 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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The liquidation of the assets and business of an electric membership corporation may be discontinued at any time during the liquidation proceedings when it is established that cause for liquidation no longer exists. In such event, the court shall dismiss the proceedings and direct the receiver to redeliver to the electric membership corporation all of its remaining property and assets.
History
(Code 1933, § 34C-1216, enacted by Ga. L. 1981, p. 1587, § 1.)
Annotations
RESEARCH REFERENCES
C.J.S. - 19 C.J.S., Corporations, § 839.