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Official Code of Georgia Annotated

Title 7. BANKING AND FINANCE · Chapter 1. FINANCIAL INSTITUTIONS · Article 3. CREDIT UNIONS · Part 2. CREDIT UNION CONSERVATORS

7-1-641. Certificate of appointment.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. (a)

    The department shall, immediately after appointing a conservator, file with the principal court of a credit union a certificate to be known as a certificate of appointment.#

  2. (b)

    The certificate of appointment shall set forth the basis for the department’s appointment of a conservator and state the name of the conservator.#

  3. (c)

    If the department does not appoint a conservator prior to the date of the filing of the certificate of appointment or it appoints a new or additional conservator, the department shall file a supplement to the certificate of appointment setting forth such facts.#

  4. (d)

    The certificate of appointment and any supplement will be listed in the judgment index in the name of the credit union as defendant and the department as plaintiff.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 7-1-641, enacted by Ga. L. 2015, p. 344, § 19/HB 184.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t7-t8-(v5)-2024-pdf.pdf, Volume V5, 2024 edition, page 359; merge action: carried; file SHA-256 5c69f28428d8.