One Click Case Law for § 36-82-71
O.C.G.A. § 36-82-70 <-- --> O.C.G.A. §36-82-72

2010 Georgia Code

TITLE 36 - LOCAL GOVERNMENT
PROVISIONS - PROVISIONS APPLICABLE TO COUNTIES, MUNICIPAL CORPORATIONS, AND OTHER GOVERNMENTAL ENTITIES

CHAPTER 82 - BONDS
ARTICLE 3 - REVENUE BONDS
§ 36-82-71 - Surrender of receivership upon cure of default

O.C.G.A. 36-82-71 (2010)
36-82-71. Surrender of receivership upon cure of default


Whenever all that is due upon the revenue bonds and interest thereon and upon any other notes, bonds, or other obligations and interest thereon having a charge, lien, or encumbrance on the revenues of the undertaking and under any of the terms of any covenants or agreements with holders of revenue bonds has been paid or deposited as provided therein and all defaults have been cured and made good and it appears to the court that no default is imminent, the court shall direct the receiver to surrender possession of the undertaking to the governmental body. The same right of the holders of the revenue bonds to secure the appointment of a receiver shall exist upon any subsequent default as is provided in Code Section 36-82-67.