If voluntary dissolution proceedings under Code Section 46-3-420 have not been revoked, then when all debts, liabilities, and obligations of the electric membership corporation have been paid and discharged, or adequate provision has been made therefor, and all of the remaining property and assets of the electric membership corporation have been distributed to its members and former members, or adequate provision has been made therefor, articles of dissolution shall be executed by the electric membership corporation as provided in Code Section 46-3-173, which articles shall set forth:
History. Code 1933, § 34C-1208, enacted by Ga. L. 1981, p. 1587, § 1; Ga. L. 2008, p. 230, § 2/SB 175; Ga. L. 2010, p. 863, § 2/SB 296.
The 2008 amendment, effective July 1, 2008, substituted “Office of Treasury and Fiscal Services” for “Department of Administrative Services” in paragraph (4).
The 2010 amendment, effective July 1, 2010, substituted “Office of the State Treasurer” for “Office of Treasury and Fiscal Services” near the end of paragraph (4).
Structure Georgia Code
Title 46 - Public Utilities and Public Transportation
Chapter 3 - Electrical Service
Article 4 - Electric Membership Corporations and Foreign Electric Cooperatives
Part 12 - Dissolution of Electric Membership Corporations
§ 46-3-422. Effect of Filing of Statement of Intent to Dissolve
§ 46-3-423. Procedure After Filing Statement of Intent to Dissolve
§ 46-3-424. Revocation of Voluntary Dissolution Proceedings by Electric Membership Corporation
§ 46-3-426. Effect of Filing of Statement of Revocation of Voluntary Dissolution Proceedings
§ 46-3-427. Execution of Articles of Dissolution; Contents of Articles of Dissolution
§ 46-3-430. Venue and Service of Process in Action for Involuntary Dissolution
§ 46-3-432. Procedure in Liquidation of Electric Membership Corporation by Court
§ 46-3-433. Qualification of Receivers; Giving of Bond
§ 46-3-434. Filing of Claims in Liquidation Proceedings; Effect of Failure to File Claims
§ 46-3-435. Discontinuance of Liquidation Proceedings
§ 46-3-437. Filing of Decree of Involuntary Dissolution; Giving of Notice of Entry of Decree