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Georgia General Assembly > Legislation
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2015-2016 Regular Session - SB 229
Insurance; provide for federal home loan bank rights; collateral pledged by an insurer-member subject to delinquency proceedings
Sponsored By
First Reader Summary
A BILL to be entitled an Act to amend Chapter 37 of Title 33 of the Official Code of Georgia Annotated, relating to insurers rehabilitation and liquidation, so as to provide for federal home loan bank rights regarding collateral pledged by an insurer-member subject to a delinquency proceeding; to provide for definitions; to provide for certain limitations for a receiver to void transfer of certain property in connection with any federal home loan bank security agreement; to provide for transfer avoidance under certain circumstances; to provide for related matters; to repeal conflicting laws; and for other purposes.
Status History
Mar/20/2015 - Senate Read and Referred
Mar/19/2015 - Senate Hopper