---
title: O.C.G.A. § 7-1-811. Applicability of provisions as to beneficial ownership and protection of financial institutions.
collection: code
id: 7-1-811
cite_as: O.C.G.A. § 7-1-811 (2025)
canonical_url: https://georgiacommons.org/code/7-1-811
md_url: https://georgiacommons.org/code/7-1-811.md
text_url: https://georgiacommons.org/code/7-1-811/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=495
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/7-1-810.md
next: https://georgiacommons.org/code/7-1-812.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: BANKING AND FINANCE / FINANCIAL INSTITUTIONS / MULTIPLE-PARTY ACCOUNTS
---

# O.C.G.A. § 7-1-811. Applicability of provisions as to beneficial ownership and protection of financial institutions.

Code Sections 7-1-812 through 7-1-814, concerning beneficial ownership as between parties or as between parties and P.O.D. payees or beneficiaries of multiple-party accounts, are relevant only to controversies between those persons and their creditors and other successors and have no bearing on the power of withdrawal of these persons as determined by the terms of account contracts. Code Sections 7-1-816 through 7-1-821 govern the liability of financial institutions which make payments pursuant thereto and their setoff rights.

## History

Code 1933, § 41A-3802, enacted by Ga. L. 1976, p. 1388, § 8.