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Official Code of Georgia Annotated

Title 44. PROPERTY · Chapter 12. RIGHTS IN PERSONALTY · Article 5. DISPOSITION OF UNCLAIMED PROPERTY

44-12-200. When unclaimed court ordered refund from business association presumed abandoned.

Active

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

  1. Except to the extent otherwise ordered by a court or administrative agency of competent jurisdiction, any sum that a business association has been ordered to refund by a court or administrative agency which has remained unclaimed by the owner for more than five years after it became payable in accordance with the final determination or order providing for the refund, regardless of whether the final determination or order requires any person entitled to a refund to make a claim for it, is presumed abandoned.

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 1981, § 44-12-200, enacted by Ga. L. 1990, p. 1506, § 1; Ga. L. 1992, p. 1237, § 6.

Read the official page (the state's PDF, opened at the page this text was read from).

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

Text read from t44-ch8-15-(v32)-2022-pdf.pdf, Volume V32, 2022 edition, page 286; merge action: carried; file SHA-256 02e72213893a.