The liquidation of the assets and business of an electric membership corporation may be discontinued at any time during the liquidation proceedings when it is established that cause for liquidation no longer exists. In such event, the court shall dismiss the proceedings and direct the receiver to redeliver to the electric membership corporation all of its remaining property and assets.
History. Code 1933, § 34C-1216, enacted by Ga. L. 1981, p. 1587, § 1.
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