Official Code of Georgia Annotated

Title 7. BANKING AND FINANCE · Chapter 1. FINANCIAL INSTITUTIONS · Article 2. BANKS AND TRUST COMPANIES · Part 6. DEPOSITS, SAFE-DEPOSIT AGREEMENTS, AND MONEY RECEIVED FOR TRANSMISSION

7-1-354. Money received for transmission.

Active

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

(a)
A bank or trust company which receives money for transmission shall give the customer a receipt setting forth:#
1. (1)
  The date of receipt of the money;#
2. (2)
  The amount of the money in dollars and cents; and#
3. (3)
  If the money is to be transmitted to a foreign country in the currency of such country, the amount of the money in such currency.#
(b)
In an action by a customer against a bank or trust company for recovery of money delivered for transmission, the burden of proof of delivery of the money in accordance with the instructions of the customer shall be on the bank or trust company; but an affidavit by an agent or correspondent of the bank or trust company that the money was delivered in accordance with the customer’s instructions shall be prima-facie evidence of the delivery of the money in accordance with the customer’s instructions.#

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 1933, § 41A-1607, enacted by Ga. L. 1974, p. 705, § 1.

Cross references

Persons, corporations, and others engaging in business of receiving cash from patrons as payment of obligations owed by such patrons to third parties, § 10-6-100 et seq.

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 t7-t8-(v5)-2024-pdf.pdf, Volume V5, 2024 edition, pages 212 to 213; merge action: carried; file SHA-256 5c69f28428d8.

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