9-8-3. Appointment of receiver — To hold assets liable for debt; appointment without notice; terms.

Active

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

Equity may appoint a receiver to take possession of and hold, subject to the direction of the court, any assets charged with the payment of debts where there is manifest danger of loss, destruction, or material injury to those interested. Under extraordinary circumstances, a receiver may be appointed before and without notice to the trustee or other person having charge of the assets. The terms on which a receiver is appointed shall be in the discretion of the court.

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

Orig. Code 1863, § 3080; Code 1868, § 3092; Code 1873, § 3149; Code 1882, § 3149; Civil Code 1895, § 4904; Civil Code 1910, § 5479; Code 1933, § 55-305.

Law reviews

For article, “Buying Distressed Commercial Real Estate: What are the Alternatives?,” see 16 (No. 4) Ga. St. B.J. 18 (2010).

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 t9-ch1-10-(v6)-2023-pdf.pdf, Volume V6, 2023 edition, page 592; merge action: carried; file SHA-256 ea8a520ad52f.