Georgia § 7-1-642 - Costs; immunity.
Full text of Georgia Official Code of Georgia Annotated § 7-1-642 — Costs; immunity., with citation guidance and answers to common questions.
§ 7-1-642. Costs; immunity.
All costs incident to conservatorship will be charged against the assets of the credit union to be allowed and paid as the department may determine. The department, its employees, and third parties acting as conservators are not subject to liability for actions related to a conservatorship, including, but not limited to, the appointment of a conservator, and no department funds shall be required to be expended on behalf of the credit union, its creditors, employees, or members, or any other party or entity. (Code 1981, § 7-1-642 , enacted by Ga. L. 2015, p. 344, § 19/HB 184.)
Frequently Asked Questions About Georgia § 7-1-642
What does Official Code of Georgia Annotated § 7-1-642 cover?
Section 7-1-642 ("Costs; immunity.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 7-1-642?
A common citation format is "Official Code of Georgia Annotated § 7-1-642" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 7-1-642 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.