Statutes > Georgia Statutes > TITLE 7 - BANKING AND FINANCE > CHAPTER 1 - FINANCIAL INSTITUTIONS > ARTICLE 1 - PROVISIONS APPLICABLE TO DEPARTMENT OF BANKING AND FINANCE AND FINANCIAL INSTITUTIONS GENERALLY > PART 7 - RECEIVERSHIP POWERS AND PROCEDURES GENERALLY > § 7-1-169 - Leases of property

§ 7-1-169 - Leases of property

O.C.G.A. 7-1-169 (2010)
7-1-169. Leases of property


The department may, without leave of court, enter into leases for a period not to exceed one year of real or personal property belonging to the financial institution in receivership. It may, with leave of court, enter into such leases for a period not to exceed ten years, upon the terms and under the conditions prescribed by the order of the court.