Georgia CommonsTitle 44. PROPERTY · Chapter 13. EXEMPTIONS FROM LEVY AND SALE · Article 1. CONSTITUTIONAL EXEMPTIONS · Part 1. IN GENERAL
44-13-15. How cash exempted; investment in personalty.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
When any person applies for an exemption of personalty and the personalty sought to be exempted consists of cash in whole or in part, before the cash shall be allowed as an exemption, it shall, under the direction of the judge of the probate court, be invested in such articles of personal property as the applicant may desire; when so invested and returned by schedule with or without other property as required by this article, such property shall constitute the exemption of personalty. In no case shall the allowance of cash without such investment be a valid exemption.
History
Ga. L. 1870, p. 70, § 1; Code 1873, § 2016a; Code 1882, § 2016a; Civil Code 1895, § 2841; Civil Code 1910, § 3391; Code 1933, § 51-601; Code 1981, § 44-13-16; Ga. L. 1982, p. 3, § 44; Code 1981, § 44-13-15, as redesignated by Ga. L. 1983, p. 1170, § 2.
Editor's notes
Ga. L. 1983, p. 1170, § 2, effective July 1, 1983, redesignated former Code Section 44-13-16 as this Code section. The 1983 Act also redesignated former Code Section 44-13-15, relating to procedure for exempting town realty valued in excess of exemption, as present Code Section 44-13-14.
Law reviews
For comment on Roquemore v. Goldstein, 100 Ga. App. 591, 112 S.E.2d 24 (1959) see 12 Mercer L. Rev. 280 (1960).
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 357; merge action: carried; file SHA-256 02e72213893a.
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