§ 9-8-3. Appointment, in order to protect assets of debtor; notice; discretion as to terms

Codes > Code of Georgia > Title 9. > Chapter 8. > 9-8-3. Appointment,

§ 9-8-3. Appointment, in order to protect assets of debtor; notice; discretion as to terms

Equity may appoint a receiver to take possession of and hold, subject to the direction of the court, any assets charged with the payment of debts where there is manifest danger of loss, destruction, or material injury to those interested. Under extraordinary circumstances, a receiver may be appointed before and without notice to the trustee or other person having charge of the assets. The terms on which a receiver is appointed shall be in the discretion of the court.