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Georgia Commons

Código Oficial de Georgia Anotado

Título 33. INSURANCE · Capítulo 37. INSURERS REHABILITATION AND LIQUIDATION · Artículo 3. PROCEDURE FOR REHABILITATION

33-37-40. Determining value of security held by secured creditor.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (a)

    The value of any security held by a secured creditor shall be determined in one of the following ways, as the court may direct:#

    1. (1)

      By converting the same into money according to the terms of the agreement pursuant to which the security was delivered to such creditors; or#

    2. (2)

      By agreement, arbitration, compromise, or litigation between the creditor and the liquidator.#

  2. (b)

    The determination shall be under the supervision and control of the court with due regard for the recommendation of the liquidator. The amount so determined shall be credited upon the secured claim, and any deficiency shall be treated as an unsecured claim. If the claimant shall surrender his security to the liquidator, the entire claim shall be allowed as if unsecured.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 33-37-40, enacted by Ga. L. 1991, p. 1424, § 7.

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t33-ch23-65-(v25)-2020-pdf.pdf, Volumen V25, edición 2020, página 770; acción de fusión: carried; SHA-256 del archivo 1cdfeaa4b73e.