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Official Code of Georgia Annotated

Title 44. PROPERTY · Chapter 5. ACQUISITION AND LOSS OF PROPERTY · Article 5. THE GEORGIA TRANSFERS TO MINORS ACT

44-5-129. Accounting by custodian; petition for accounting.

Active

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

  1. (a)

    A minor who has attained the age of 14 years, the minor’s guardian of the person or legal representative, an adult member of the minor’s family, a transferor, or a transferor’s legal representative may petition the court:#

    1. (1)

      For an accounting by the custodian or the custodian’s legal representative; or#

    2. (2)

      For a determination of responsibility, as between the custodial property and the custodian personally, for claims against the custodial property unless the responsibility has been adjudicated in an action under Code Section 44-5-127 to which the minor or the minor’s legal representative was a party.#

  2. (b)

    A successor custodian may petition the court for an accounting by the predecessor custodian.#

  3. (c)

    The court, in a proceeding under this article or in any other proceeding, may require or permit the custodian or the custodian’s legal representative to account.#

  4. (d)

    If a custodian is removed under subsection (f) of Code Section 44-5-128, the court shall require an accounting and order delivery of the custodial property and records to the successor custodian and the execution of all instruments required for transfer of the custodial property.#

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, § 44-5-129, enacted by Ga. L. 1990, p. 667, § 1.

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-ch1-7-(v31)-2010-pdf.pdf, Volume V31, 2010 edition, page 494; merge action: carried; file SHA-256 490191d3dc54.