Equity may appoint a receiver to take possession of and hold, subject to the direction of the court, any assets charged with the payment of debts where there is manifest danger of loss, destruction, or material injury to those interested. Under extraordinary circumstances, a receiver may be appointed before and without notice to the trustee or other person having charge of the assets. The terms on which a receiver is appointed shall be in the discretion of the court.
History. Orig. Code 1863, § 3080; Code 1868, § 3092; Code 1873, § 3149; Code 1882, § 3149; Civil Code 1895, § 4904; Civil Code 1910, § 5479; Code 1933, § 55-305.
Law reviews.
For article, “Buying Distressed Commercial Real Estate: What are the Alternatives?,” see 16 (No. 4) Ga. St. B.J. 18 (2010).
Structure Georgia Code
§ 9-8-1. Appointment of Receiver — Grounds Generally
§ 9-8-2. Appointment of Receiver — to Protect Trust or Joint Property
§ 9-8-3. Appointment of Receiver — to Hold Assets Liable for Debt; Appointment Without Notice; Terms
§ 9-8-4. Caution to Be Exercised in Appointing Receiver
§ 9-8-5. Intervention of Persons Asserting Equitable Remedies
§ 9-8-6. Lienholders Made Parties; Divestment by Receiver’s Sale
§ 9-8-7. Investment of Funds in Receivership
§ 9-8-8. Receiver an Officer of Court; Subject to Court’s Orders or Removal
§ 9-8-9. To Which Court Receivers of Corporations Amenable
§ 9-8-11. Liability of Receiver Where Bank Fails
§ 9-8-12. Garnishment Not Available Against Receiver
§ 9-8-13. Award of Attorneys’ and Receivers’ Fees; How Determined
§ 9-8-14. Expenses of Giving Bond Allowable as Cost of Administration