§ 7-1-200. Confirmation of Account; Distribution of Dividends; Final Disposition of Assets Insufficient for Distribution; Cancellation of Articles
If the department has approved all depositors’ claims, as proved by them pursuant to this chapter or if not proved as they appear upon the books or other records of the financial institution and if no exception has been filed to an account or to any item thereof within 30 days after the filing of […]
§ 7-1-201. Unclaimed Dividends
Whenever a dividend remains unclaimed six months after it has been declared and the department is unable to locate the depositor or other claimant to whom said dividend was payable, the dividend shall become a part of the general assets of the financial institution and be distributed as other assets. History. Ga. L. 1919, p. […]
§ 7-1-202. Order of Payment of Liabilities; Secured or Preferred Claims and Liens
In the distribution of the assets of a financial institution which is liquidated or dissolved, whether under this chapter or by any other method, the order of payment of liabilities of the financial institution in the event that its assets are insufficient to pay in full all its liabilities for which claims are duly made […]
§ 7-1-190. Preservation of Assets; Proceedings in Lieu of Attachment, Execution, or Repossession
The status of all parties shall become fixed on the date the department takes possession of a financial institution. No corporation or person shall thereafter acquire any lien or charge against the financial institution for so long as it remains in receivership, provided that nothing in this Code section or elsewhere in this chapter shall […]
§ 7-1-191. Exclusivity of Claims Procedure; Effect of Receivership on Pending Actions
All claims against the financial institution, action upon which has not been commenced prior to the time the department took possession, shall be presented in the regular manner provided by this chapter for the presentation of claims. Neither a depositor or other creditor of the financial institution nor any other claimant may maintain any action […]
§ 7-1-192. Notice to Depositors and Other Creditors to Present Claims
After filing a supplement to the certificate of possession setting forth its determination to liquidate the affairs of a financial institution in receivership, the department shall forthwith give notice of such determination to all corporations or persons who appear upon the books of the financial institution as depositors or other creditors or who are otherwise […]