---
title: O.C.G.A. § 44-12-205. When gift certificate or credit memo presumed abandoned.
collection: code
id: 44-12-205
cite_as: O.C.G.A. § 44-12-205 (2025)
canonical_url: https://georgiacommons.org/code/44-12-205
md_url: https://georgiacommons.org/code/44-12-205.md
text_url: https://georgiacommons.org/code/44-12-205/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=291
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/44-12-204.md
next: https://georgiacommons.org/code/44-12-206.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. § 44-12-205. When gift certificate or credit memo presumed abandoned.

(a) A gift certificate or a credit memo issued in the ordinary course of an issuer’s business which remains unclaimed by the owner for more than five years after becoming payable or distributable is presumed abandoned.

(b) In the case of a gift certificate, the amount presumed abandoned is the price paid by the purchaser for the gift certificate. In the case of a credit memo, the amount presumed abandoned is the amount credited to the recipient of the memo.

## History

Code 1981, § 44-12-205, enacted by Ga. L. 1990, p. 1506, § 1; Ga. L. 1992, p. 1237, § 11.

## Law Reviews

For comment, “Unwrapping Escheat: Unclaimed Property Laws and Gift Cards,” see 60 Emory L. J. 971 (2011).