---
title: O.C.G.A. § 7-1-642. Costs; immunity.
collection: code
id: 7-1-642
cite_as: O.C.G.A. § 7-1-642 (2025)
canonical_url: https://georgiacommons.org/code/7-1-642
md_url: https://georgiacommons.org/code/7-1-642.md
text_url: https://georgiacommons.org/code/7-1-642/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t7-t8-(v5)-2024-pdf.pdf?sfvrsn=6386add7_0#page=359
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/7-1.md
previous: https://georgiacommons.org/code/7-1-641.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: BANKING AND FINANCE / FINANCIAL INSTITUTIONS / CREDIT UNIONS / CREDIT UNION CONSERVATORS
---

# O.C.G.A. § 7-1-642. Costs; immunity.

(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.