lawskills
Loading
Did you know you can download our entire database for free?


Resources
[more] 

Georgia Caselaw:
Browse
Greatest Hits

Georgia Code: Browse

(external) Findlaw Georgia Law Resources


This site exists because of donors like you.

Thanks!


Georgia State Code
Title      34
Chapter       9  
Section Navigation     1 ... 6           7 ... 15    
    16 ... 30         31 ... 46    
    47 ... 55         56 ... 81    
  81.1 ... 103       104 ... 123   
   124 ... 130.1     131 ... 151   
 151.1 ... 159         160 ... 169   
   170 ... 179       180 ... 205   
   206 ... 226       240 ... 263   
   264 ... 286       287 ... 313   
   330 ... 352       353 ... 362   
   363 ... 383       384 ... 412.1 
   413 ... 421     
Section<<< 160 161 162 163 164 165 166 167 168 169 >>>  
Title 34, Chapter 9, Section 162 (34-9-162)

(a) A fund formed pursuant to this article shall possess and thereafter maintain a minimum surplus of not less than $200,000.00.

(b) Any fund established prior to July 1, 1995, which has satisfied the surplus requirement of this Code section by utilization of a surety bond shall replace such bond with cash or cash equivalent within 60 months of the date such bond was submitted to the Commissioner.

(c) Any fund established prior to July 1, 1995, which had received from the Commissioner a waiver of surplus pursuant to subsection (b) of this Code section as it existed prior to July 1, 1995, shall have until July 1, 1998, to replace such waiver with actual surplus and provide evidence of such surplus to the Commissioner.

(d) At the discretion of the board of the fund, any surplus exceeding the requirements of this Code section and the total of all other liabilities of the fund may be returned to the members of the fund. The board of the fund shall notify the Commissioner by letter within ten days following the return of any surplus.

Monday May 25 00:20 EDT


This site exists because of donors like you.

Thanks!


Valid HTML 4.0!

Valid CSS!





Home - Tour - Disclaimer - Privacy - Contact Us
Copyright © 2000,2002,2004 Lawskills.com