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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 168 (34-9-168)

If the Commissioner finds that any fund or its administrator (1) has failed to comply with any provision of this article, (2) is fraudulently operated, (3) is in such condition as to render further fund operations hazardous to the public interest or to the interests of the fund's members and their employees, (4) is financially unable to meet its obligations and claims as they come due, or (5) has violated any other provision of law, he may apply to the Superior Court of Fulton County for an injunction. The court may forthwith issue a temporary injunction restraining the transaction of any business by the fund; and, after a full hearing, it may make the injunction permanent and appoint one or more receivers to take possession of the books, papers, moneys, and other assets of the fund in order to settle its affairs and distribute its funds to those entitled thereto, subject to such rules and orders as the court may prescribe. If it appears that a crime has been committed in connection with the administration or management of any fund, the Attorney General may pursue the appropriate criminal action.

Monday May 25 00:21 EDT


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