---
title: O.C.G.A. § 9-8-11. Liability of receiver where bank fails.
collection: code
id: 9-8-11
cite_as: O.C.G.A. § 9-8-11 (2025)
canonical_url: https://georgiacommons.org/code/9-8-11
md_url: https://georgiacommons.org/code/9-8-11.md
text_url: https://georgiacommons.org/code/9-8-11/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t9-ch1-10-(v6)-2023-pdf.pdf?sfvrsn=f3cabc45_0#page=607
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/9-8.md
previous: https://georgiacommons.org/code/9-8-10.md
next: https://georgiacommons.org/code/9-8-12.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: CIVIL PRACTICE / RECEIVERS
---

# O.C.G.A. § 9-8-11. Liability of receiver where bank fails.

Where funds are in the hands of a receiver pending a final disposition, the receiver may deposit the funds into a bank or trust company which is insured by the Federal Deposit Insurance Corporation, Federal Savings and Loan Insurance Corporation, or successor entities. If the receiver fails to utilize such an insured bank or trust company, he shall be personally liable for any resulting loss.

## History

Civil Code 1895, § 4909; Civil Code 1910, § 5484; Code 1933, § 55-310.

## History of Section.

The language of this Code section is derived in part from the decision in Ricks v. Broyles, 78 Ga. 610, 3 S.E. 772 (1887).