---
title: O.C.G.A. § 50-17-60. Governor to sell bonds to reimburse state for any default.
collection: code
id: 50-17-60
cite_as: O.C.G.A. § 50-17-60 (2025)
canonical_url: https://georgiacommons.org/code/50-17-60
md_url: https://georgiacommons.org/code/50-17-60.md
text_url: https://georgiacommons.org/code/50-17-60/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t50-ch13-40-(v38a)-2021-pdf.pdf?sfvrsn=1209d23f_0#page=282
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/50-17.md
previous: https://georgiacommons.org/code/50-17-59.md
next: https://georgiacommons.org/code/50-17-61.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: STATE GOVERNMENT / STATE DEBT, INVESTMENT, AND DEPOSITORIES / STATE DEPOSITORIES
---

# O.C.G.A. § 50-17-60. Governor to sell bonds to reimburse state for any default.

Whenever any bank which has been made a state depository and has deposited bonds shall fail to perform faithfully such duties as shall be required of it by law or shall fail to account faithfully for all the public moneys or effects that may have come into its hands during its continuance in office, the Governor shall sell sufficient bonds to reimburse the state the amounts due by the state depository on account of such default.

## History

Ga. L. 1889, p. 177, § 2; Civil Code 1895, § 991; Civil Code 1910, § 1258; Code 1933, § 100-110.