Source: https://law.justia.com/codes/georgia/2017/title-7/chapter-1/article-1/part-12/section-7-1-239/
Timestamp: 2019-01-22 21:30:09
Document Index: 731490134

Matched Legal Cases: ['§ 7', 'art 12', '§ 7', 'art 12', '§ 7', '§ 7']

§ 7-1-239. Payment of large deposits of deceased intestate depositors; deposit of sums held for deceased intestate residents; affidavit included with application for deposit. :: 2017 Georgia Code :: US Codes and Statutes :: US Law :: Justia
Justia › US Law › US Codes and Statutes › Georgia Code › 2017 Georgia Code › Title 7 - Banking and Finance › Chapter 1 - Financial Institutions › Article 1 - Provisions Applicable to Department of Banking and Finance and Financial Institutions Generally › Part 12 - Deposits of Deceased Depositors › § 7-1-239. Payment of large deposits of deceased intestate depositors; deposit of sums held for...
Article 1 - Provisions Applicable to Department of Banking and Finance and Financial Institutions Generally
Part 12 - Deposits of Deceased Depositors
§ 7-1-239. Payment of large deposits of deceased intestate depositors; deposit of sums held for deceased intestate residents; affidavit included with application for deposit.
Universal Citation: GA Code § 7-1-239 (2017)
(e) Notwithstanding any other provisions of law to the contrary, when any person dies intestate as a resident of this state and any person is left in possession of moneys belonging to the decedent, which moneys do not exceed $10,000.00, such person shall deposit such moneys into a savings account in the name of the decedent in a financial institution located in the area of the decedent's residence. Such account shall be managed in accordance with the signature contract in effect at the financial institution at the time the account is opened. Any financial institution receiving such deposits is authorized to pay the proceeds in accordance with subsections (a), (b), (c), and (d) of this Code section.
(f) As used in this Code section, the term "financial institution" includes any federally chartered financial institution.