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

O.C.G.A. § 7-1-642 (2019)

Costs; immunity

✓ 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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(a) All costs incident to conservatorship will be charged against the assets of the credit union to be allowed and paid as the department may determine. (b) The department, its employees, and third parties acting as conservators are not subject to liability for actions related to a conservatorship, including, but not limited to, the appointment of a conservator, and no department funds shall be required to be expended on behalf of the credit union, its creditors, employees, or members, or any other party or entity.

History

Code 1981, § 7-1-642, enacted by Ga. L. 2015, p. 344, § 19/HB 184.