Official Code of Georgia Annotated

Title 10. COMMERCE AND TRADE · Chapter 6. AGENCY · Article 2. RELATIONS BETWEEN PRINCIPAL AND AGENT

10-6-28. Effect of bank failure.

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

If the money of a principal shall be deposited by a private agent in the name of the principal in the hands of a bank of good credit and the deposit is according to the common usage of the place, the agent shall not be responsible for any loss arising from the failure of the bank.

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.

Civil Code 1895, § 3008; Civil Code 1910, § 3580; Code 1933, § 4-209.

History of Code section.: This Code section is derived from the decision in Rogers v. Hopkins & Glenn, 70 Ga. 454 (1883).

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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, pages 918 to 919; merge action: carried; file SHA-256 7afbade16da7.