Georgia Code
Article 10 - Self-Insurers Guaranty Trust Fund
§ 34-9-385. Bankruptcy of Participants

History. Code 1981, § 34-9-385 , enacted by Ga. L. 1990, p. 770, § 1; Ga. L. 1998, p. 128, § 34; Ga. L. 1998, p. 1508, § 10; Ga. L. 2009, p. 118, § 6/HB 330; Ga. L. 2010, p. 126, § 4/HB 1101; Ga. L. 2016, p. 287, § 10/HB 818.
The 2016 amendment, effective July 1, 2016, substituted the present provisions of subsection (b) for the former provisions, which read: “Any person who files an application for adjustment of a claim against a participant who is in default or has filed for relief under the federal Bankruptcy Act or against whom bankruptcy proceedings have been filed or for whom a receiver has been appointed must file a written notice of such fact with the board and the board of trustees within 30 days of such person’s knowledge of the event.”; substituted “participant is an insolvent self-insurer” for “participant is insolvent or in default according to procedures established by the board of trustees and approved by the board” at the end of the first sentence of subsection (c); in subsection (d), in the first sentence, deleted “in default or” following “determined to be” near the beginning and inserted “and continuing” near the end, substituted “deposit into a separate account established within the fund” for “deposit into the fund” near the beginning of the second sentence, and substituted “fund and all applicable statutes of limitation have run” for “fund and the applicable statute of limitations has run” at the end of the third sentence.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1998, “of this Code Section” was substituted for “or this Code Section” at the end of subsection (c).
U.S. Code.
The federal Bankruptcy Act, referred to in subsections (a) and (b), appears as Title 11 of the United States Code.
Law reviews.
For review of 1998 legislation relating to labor and industrial relations, see 15 Ga. St. U.L. Rev. 185 (1998).

Structure Georgia Code