Georgia § 7-1-642 Costs; immunity

Georgia Statutes

§ 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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.

Georgia § 7-1-642 (Costs; immunity) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.