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GA HB1348
Bill
Status
2/17/2026
Primary Sponsor
Tyler Smith
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AI Summary
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Amends Georgia Code Section 9-8-13 to establish a tiered compensation structure for court-appointed receivers: 8% of the first $1,000, 4% of $1,000-$5,000, 3% of $5,000-$10,000, 2% of $10,000-$20,000, and 0.5% of amounts over $20,000
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Caps total receiver compensation at 5% of total sums received, unless a court specifically orders otherwise
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Limits compensation for receivers continuing an insolvent business to the lesser of typical industry compensation or the tiered commission structure
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Requires attorney fees for filing petitions and bringing funds into court to be based on actual value of services rendered, calculated from assets brought into receiver's hands through counsel's efforts
Legislative Description
Civil practice; compensation for receivers; provide
Last Action
House Committee Favorably Reported By Substitute
2/24/2026