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Insurance Domestic Stock And Mutual Insurers: Provide For The Conversion Of A Mutual Insurer To A Stock Insurer; Authorize Domestic Stock Insurers To Issue Preferred Stock, Jonathan M. Adelman
Insurance Domestic Stock And Mutual Insurers: Provide For The Conversion Of A Mutual Insurer To A Stock Insurer; Authorize Domestic Stock Insurers To Issue Preferred Stock, Jonathan M. Adelman
Georgia State University Law Review
Act 781 relaxes the requirements for a mutual stock insurer wishing or planning to convert to a domestic stock insurer. The Act decreases the percentage of approval required from policyholders for successful conversion. Further, the Act mandates giving policyholders a choice between participating in a conversion or receiving 100% of their equity in cash. Also, the Act allows a converted insurer's corporate existence to continue running without refiling a corporate charter. Act 977 authorizes domestic stock insurers to issue preferred stock.
Courts Finality Of Judgments In Civil Cases, Georgia State University Law Review
Courts Finality Of Judgments In Civil Cases, Georgia State University Law Review
Georgia State University Law Review
The Act eliminates the complaint in equity as a method of directly attacking a judgment. Where reasons exists for what formerly would have been a complaint in equity, the appropriate method to attack a judgment is now a motion for a new trial or a motion to set aside the judgment.
Courts Magistrate Courts: No Prejudgment Attachment; Appeal And Reopening Of Default Judgments, Georgia State University Law Review
Courts Magistrate Courts: No Prejudgment Attachment; Appeal And Reopening Of Default Judgments, Georgia State University Law Review
Georgia State University Law Review
The Act contains several new provisions for magistrate courts; prejudgment attachments may not be granted by a magistrate court; appeals of default judgments are limited; default judgments may be opened in certain cases; relief from judgments may be granted; executions are to be recorded in the general execution dockets of the superior courts; clerks of the magistrate court must be at least eighteen years of age; and the powers and duties of the clerks are established.