---
title: O.C.G.A. § 44-12-193. When property held, issued, or owing in ordinary course of holder’s business presumed abandoned.
collection: code
id: 44-12-193
cite_as: O.C.G.A. § 44-12-193 (2025)
canonical_url: https://georgiacommons.org/code/44-12-193
md_url: https://georgiacommons.org/code/44-12-193.md
text_url: https://georgiacommons.org/code/44-12-193/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t44-ch8-15-(v32)-2022-pdf.pdf?sfvrsn=9e9e06de_0#page=277
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/44-12.md
previous: https://georgiacommons.org/code/44-12-192.md
next: https://georgiacommons.org/code/44-12-194.md
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: PROPERTY / RIGHTS IN PERSONALTY / DISPOSITION OF UNCLAIMED PROPERTY
---

# O.C.G.A. § 44-12-193. When property held, issued, or owing in ordinary course of holder’s business presumed abandoned.

Except as provided in Article 17B of Title 10, all tangible and intangible property, including any income or increment thereon, less any lawful charges, that is held, issued, or owing in the ordinary course of the holder’s business and has remained unclaimed by the owner for more than five years after it became payable or distributable is presumed abandoned, except as otherwise provided by this article. Property is payable or distributable for the purpose of this article notwithstanding the owner’s failure to make demand or to present any instrument or document required to receive payment.

## History

Code 1981, § 44-12-193, enacted by Ga. L. 1990, p. 1506, § 1; Ga. L. 1992, p. 1237, § 1; Ga. L. 2006, p. 720, § 3/SB 195.

## Cross References

Disposition of property in safe-deposit vault or held for safekeeping, § 7-1-172.