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Official Code of Georgia Annotated

Title 10. COMMERCE AND TRADE · Chapter 6. AGENCY · Article 5. AGENTS RECEIVING MONEYS FOR THIRD PERSONS

10-6-101. Right to restitution from bond; agent’s civil liability or criminal responsibility to patron not affected.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. Failure of any such agent to pay over moneys in accordance with lawful instructions or agreement shall entitle the third party to whom payment should have been made to restitution of moneys entrusted and not so paid over from such posted bond to the extent of the amount thereof; provided, however, that no payment on bond made in accordance with this article shall relieve any agent of any civil liability to the patron for sums misappropriated or not properly paid over or of any criminal liability for fraud, theft, conversion, breach of fiduciary duty, or other offense.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1933, § 84-6902, enacted by Ga. L. 1976, p. 558, § 2.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t10-(v8)-2024-pdf.pdf, Volume V8, 2024 edition, page 1057; merge action: carried; file SHA-256 7afbade16da7.

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O.C.G.A. § 10-6-101. Right to restitution from bond; agent’s civil liability or criminal responsibility to patron not affected. | Georgia Commons