Qualification of receivers; giving of bond

(a) A receiver shall in all cases be a citizen of the United States or a corporation authorized to act as receiver, which corporation may be a domestic corporation, either business or nonprofit, or a foreign corporation, either business or nonprofit, authorized to transact business in this state. (b) A receiver shall in all cases give such bond as the court may direct, with such sureties as the court may require. (Code 1933, § 34C-1214, enacted by Ga. L. 1981, p. 1587, § 1.)