---
title: O.C.G.A. § 46-3-435. Discontinuance of liquidation proceedings.
collection: code
id: 46-3-435
cite_as: O.C.G.A. § 46-3-435 (2025)
canonical_url: https://georgiacommons.org/code/46-3-435
md_url: https://georgiacommons.org/code/46-3-435.md
text_url: https://georgiacommons.org/code/46-3-435/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t46-(v34)-2025-pdf.pdf?sfvrsn=48adb3c4_0#page=347
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/46-3.md
previous: https://georgiacommons.org/code/46-3-434.md
next: https://georgiacommons.org/code/46-3-436.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: PUBLIC UTILITIES AND PUBLIC TRANSPORTATION / ELECTRICAL SERVICE / ELECTRIC MEMBERSHIP CORPORATIONS AND FOREIGN ELECTRIC COOPERATIVES / DISSOLUTION OF ELECTRIC MEMBERSHIP CORPORATIONS
---

# O.C.G.A. § 46-3-435. Discontinuance of liquidation proceedings.

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.