---
title: O.C.G.A. § 4-6-21. Maintenance of custodial accounts; deposits; commingling of funds.
collection: code
id: 4-6-21
cite_as: O.C.G.A. § 4-6-21 (2025)
canonical_url: https://georgiacommons.org/code/4-6-21
md_url: https://georgiacommons.org/code/4-6-21.md
text_url: https://georgiacommons.org/code/4-6-21/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t4-6-(v4)-2013-pdf.pdf?sfvrsn=8c0a1199_0#page=83
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/4-6.md
previous: https://georgiacommons.org/code/4-6-20.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: ANIMALS / LIVESTOCK DEALERS AND AUCTIONS / CUSTODIAL ACCOUNTS FOR LIVESTOCK SELLERS
---

# O.C.G.A. § 4-6-21. Maintenance of custodial accounts; deposits; commingling of funds.

Every operator of a sales establishment for the sale of livestock at auction shall maintain a custodial account in a national or state-chartered bank located in this state and within 100 miles of the sales establishment. Every such operator shall deposit in such account the gross proceeds received from the sale of livestock handled on a commissioned or agency basis, which account shall be designated ‘‘Custodial Account for Shippers’ Proceeds.’’ Other funds of the depositor shall not be commingled in such account with funds required to be deposited in this account.

## History

Ga. L. 1966, p. 350, § 2; Ga. L. 1983, p. 1161, § 1; Ga. L. 1984, p. 22, § 4.