Georgia Code
Part 1 - Legislative Findings
§ 50-8-39. Appointment of Receiver of Assets for Protection of Creditors Upon Center’s Ceasing of Operations

Upon a regional commission’s ceasing operations, the local government members of the regional commission shall, within 30 days of cessation of the regional commission’s operations, appoint a receiver of the assets of the regional commission for the protection of creditors. The receiver shall be authorized to marshal, sell, or transfer assets, pay liabilities, and assess counties and municipalities which were members of the regional commission. After the completion of such liquidation, a distribution shall be made to the local government members on a pro rata basis according to the amount of contributions such members made to the regional commission.
History. Code 1981, § 50-8-39 , enacted by Ga. L. 2008, p. 181, § 5/HB 1216.

Structure Georgia Code

Georgia Code

Title 50 - State Government

Chapter 8 - Department of Community Affairs

Article 2 - Regional Commissions

Part 1 - Legislative Findings

§ 50-8-30. Legislative Findings and Intent; Construction of Article

§ 50-8-31. Definitions

§ 50-8-32. Creation of Regional Commissions

§ 50-8-33. Municipal and County Membership; Annual Dues; Distribution of State Funds

§ 50-8-34. Councils of Regional Commissions; Membership; Terms of Membership; Voting; Officers; Powers

§ 50-8-34.1. Executive Director of Commission; Performance Standards and Annual Performance Review

§ 50-8-35. General Powers

§ 50-8-36. Review, Comment, and Recommendation Regarding Local Plans; Public Meetings and Hearings

§ 50-8-37. Review by Commission of Applications Submitted to United States or State or Agency Thereof

§ 50-8-38. Accounting of Funds by Commission; Disclosure; Access to Documents

§ 50-8-39. Appointment of Receiver of Assets for Protection of Creditors Upon Center’s Ceasing of Operations

§ 50-8-40. Notice of Intent to Designate Area-Wide or Multicounty Agency

§ 50-8-41. Regional Development Centers Succeeded by Regional Commissions

§ 50-8-42. Remaining Powers of Metropolitan Area Planning and Development Commissions

§ 50-8-43. Appropriation or Loan of Funds, Facilities, Supplies, and Equipment by Local Government Entities

§ 50-8-44. Exemption From Taxes

§ 50-8-45. Authorized Purchases by Department of Administrative Services; Commissioner of Administrative Services to Prescribe Regulations and Standards

§ 50-8-46. No Limits by Article on County or Municipal Zoning Power

§ 50-8-47. Transfer of Outstanding Assets, Liabilities, Contracts, Staff, Records, or Debts