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GA HB1348

Bill

Status

Introduced

2/17/2026

Primary Sponsor

Tyler Smith

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • 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

  • Caps total receiver compensation at 5% of total sums received, unless a court specifically orders otherwise

  • Limits compensation for receivers continuing an insolvent business to the lesser of typical industry compensation or the tiered commission structure

  • 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

Committee Referrals

Judiciary2/18/2026

Full Bill Text

No bill text available