One Click Case Law for § 7-1-165
O.C.G.A. § 7-1-164 <-- --> O.C.G.A. §7-1-166

2010 Georgia Code

TITLE 7 - BANKING AND FINANCE

CHAPTER 1 - FINANCIAL INSTITUTIONS
ARTICLE 1 - PROVISIONS APPLICABLE TO DEPARTMENT OF BANKING AND FINANCE AND FINANCIAL INSTITUTIONS GENERALLY
PART 7 - RECEIVERSHIP POWERS AND PROCEDURES GENERALLY
§ 7-1-165 - Surrender of burdensome assets

O.C.G.A. 7-1-165 (2010)
7-1-165. Surrender of burdensome assets


The department may, with leave of court, surrender to the financial institution real or personal property which it finds to be burdensome and of no advantage to the depositors or other creditors of the institution. It may likewise, with leave of court, convey title to any holder of a mortgage, security deed, security interest, or a lien against property in its possession, where it shall appear that to continue to hold such property is burdensome and of no advantage to the financial institution, its depositors, or other creditors.