---
title: O.C.G.A. § 7-1-203. Subrogation of insurer of deposits or shares.
collection: code
id: 7-1-203
cite_as: O.C.G.A. § 7-1-203 (2025)
canonical_url: https://georgiacommons.org/code/7-1-203
md_url: https://georgiacommons.org/code/7-1-203.md
text_url: https://georgiacommons.org/code/7-1-203/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t7-t8-(v5)-2024-pdf.pdf?sfvrsn=6386add7_0#page=129
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/7-1.md
previous: https://georgiacommons.org/code/7-1-202.md
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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: BANKING AND FINANCE / FINANCIAL INSTITUTIONS / DEPARTMENT OF BANKING AND FINANCE AND FINANCIAL INSTITUTIONS GENERALLY / CLAIMS, PRIORITIES, AND ACCOUNTING IN RECEIVERSHIPS
---

# O.C.G.A. § 7-1-203. Subrogation of insurer of deposits or shares.

Where the deposits or shares of a financial institution are insured by a federal public body or otherwise, the claims of depositors shall be subrogated in favor of said insurer to the extent that it pays or makes available for payment claims of such depositors against the financial institution, provided that the rights of such depositors to receive dividends or other distributions upon that portion of their claims not made available for payment shall not be affected by such subrogation.

## History

Code 1933, § 41A-814, enacted by Ga. L. 1974, p. 705, § 1.