Section 7-1-161. Powers and duties of department before and after determination to liquidate

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Except where otherwise specifically provided, all powers and duties granted by this chapter to the department in possession of the business and property of a financial institution as receiver may be exercised by it both before and after its formal determination, pursuant to this chapter, to liquidate the affairs of such financial institution.

Code 1933, § 41A-712, enacted by Ga. L. 1974, p. 705, § 1.

                    
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