O.C.G.A. § 9-8-6 (2019)
Lienholders made parties; divestment by receiver’s sale
Persons holding liens on property in the hands of a receiver may be
made parties to the case at any time. Unless otherwise provided in the order, liens upon the property held by any parties to the record, shall be dissolved by the receiver’s sale and transferred to the funds arising from the sale of the property.
History
Civil Code 1895, § 4911; Civil Code 1910, § 5486; Code 1933, § 55-312. History of Section. The language of this Code section is derived in part from the decisions in Akerman v. Moon, 81 Ga. 688, 8 S.E. 321 (1888), Sullivan v. McDonald, 86 Ga. 78,
12 S.E. 215 (1890), and Trautwein v. McKinnon, 90 Ga. 301, 16 S.E. 85 (1892).
Annotations
Law reviews. For article, “Buying Distressed Commercial Real Estate: What are the Alternatives?,” see 16 (No. 4) Ga. St. B.J. 18 (2010).
JUDICIAL DECISIONS Sale by receiver could not divest lien of judgment of person not a party. McLaughlin v. Taylor, 115 Ga. 671, 42 S.E. 30, 1902 Ga. LEXIS 525 (1902);
Denny v. Broadway Nat’l Bank, 118 Ga. 221, 44 S.E. 982, 1903 Ga. LEXIS 506 (1903).
RESEARCH REFERENCES Am. Jur. 2d. 66 Am. Jur. 2d, Receivers, §§ 119 et seq., 206 et seq., 217. C.J.S. 75 C.J.S., Receivers, §§ 281 et seq., 308.
ALR. Power of court to authorize or direct receiver (or trustee in bankruptcy) to sell property free from liens, 35 A.L.R. 255; 78 A.L.R. 458; 120 A.L.R. 921.