any personal property which belongs to the financial institution in receivership or which such financial institution has the power to sell. It may, with leave of court, sell such personal property at private sale upon such terms and under such conditions as the court shall prescribe to be commercially reasonable.
History. Ga. L. 1919, p. 135, art. 7, § 7; Code 1933, § 13-807; Code 1933, § 41A-721, enacted by Ga. L. 1974, p. 705, § 1.
Structure Georgia Code
Chapter 1 - Financial Institutions
Part 7 - Receivership Powers and Procedures Generally
§ 7-1-150. Taking of Possession by Department; Cumulative Remedies
§ 7-1-151. Status of Department as Receiver; Restrictions on Appointment
§ 7-1-152. General Assignment Prohibited; Taking of Possession Upon Request
§ 7-1-153. Posting of Notice of Taking Possession
§ 7-1-154. Certificate of Possession; Naming Deputy Receiver
§ 7-1-155. Injunction to Restrain Department
§ 7-1-156. Supervision of Department by Court
§ 7-1-157. General Powers of Department in Possession
§ 7-1-158. Appointment of Deputy Receivers, Counsel, and Other Assistants
§ 7-1-159. Suspension or Continuation of Business
§ 7-1-160. Determination to Liquidate; Filing of Supplemental Certificate
§ 7-1-161. Powers and Duties of Department Before and After Determination to Liquidate
§ 7-1-162. Inventory and Appraisement
§ 7-1-163. Notice to Holders of Assets; Power of Court to Order Transfer
§ 7-1-164. Power of Department to Borrow Money
§ 7-1-165. Surrender of Burdensome Assets
§ 7-1-166. Compromise of Claims; Extension of Mortgages or Notes
§ 7-1-167. Payment of Mortgages and Liens; Protection of Equities
§ 7-1-168. Sales of Real Property
§ 7-1-170. Sales or Exchanges of Securities; Sales of Liens or Personal Property
§ 7-1-171. Deposit of Moneys by Department
§ 7-1-172. Disposition of Property in Safe-Deposit Vault or Held for Safekeeping
§ 7-1-173. Bringing or Defending Actions
§ 7-1-176. Sale of Assets of Financial Institution in Receivership