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Official Code of Georgia Annotated

Title 45. PUBLIC OFFICERS AND EMPLOYEES · Chapter 8. ACCOUNTING FOR PUBLIC FUNDS

45-8-15. Deposit of funds in banks or depositories — Lien in favor of public body on bank assets; deposit as trust fund.

Active

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

  1. Upon any deposit of public funds being made in any bank, whether designated as a depository or not, there shall arise in favor of the public body to which such fund belongs a lien on all the assets of said bank, superior to all other liens, for the amount of such funds. Upon being deposited in any bank, all funds of any public body shall be deemed to be held as a trust fund.

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

Ga. L. 1933, p. 78, § 6; Code 1933, § 89-813.

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 t45-(v33)-2016-pdf.pdf, Volume V33, 2016 edition, page 174; merge action: carried; file SHA-256 7dfce9a0fd88.