Official Code of Georgia Annotated

Title 7. BANKING AND FINANCE · Chapter 1. FINANCIAL INSTITUTIONS · Article 11. RECORDS AND REPORTS OF CURRENCY TRANSACTIONS

7-1-916. Forfeiture of property involved in illegal transactions.

Active

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

All property of every kind used or intended for use in the course of, derived from, or realized through a transaction which in fact involves the proceeds of unlawful activity specified in Chapter 14 of Title 16 or otherwise subject to the provisions of this article shall be subject to forfeiture to the state. Forfeiture shall be had by the same procedure as is set forth in Chapter 16 of Title 9. As used in this Code section, the terms “proceeds” and “property” shall have the same meaning as set forth in Code Section 9-16-2.

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 1981, § 7-1-916, enacted by Ga. L. 1989, p. 1211, § 21; Ga. L. 2015, p. 693, § 3-6/HB 233.

Editor's notes

Ga. L. 2015, p. 693, § 4-1/HB 233, not codified by the General Assembly, provides: “This Act shall become effective on July 1, 2015, and shall apply to seizures of property for forfeiture that occur on or after that date. Any such seizure that occurs before July 1, 2015, shall be governed by the statute in effect at the time of such seizure.”

Law reviews

For article on the 2015 amendment of this Code section, see 32 Ga. St. U.L. Rev. 1 (2015).

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 523 to 524; merge action: carried; file SHA-256 5c69f28428d8.