Georgia § 7-1-642 Costs; immunity

Georgia Statutes

§ 7-1-642 — Costs; immunity

Georgia § 7-1-642

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This text of Georgia § 7-1-642 (Costs; immunity) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 7-1-642 (2026).

Text

(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.

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(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.