O.C.G.A.

O.C.G.A. § 10-1-837 (2019)

Escrow account

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

Find cases: SyfertCases citing this section GA-LEGlegis.ga.gov (official) JustiaJustia CornellLII Search CasesGoogle Scholar

In lieu of obtaining the bond required by Code Section 10-1-832, any operator may place all entrants’ fees in an escrow account from which the operator cannot and does not withdraw any funds until the pageant has been held and all awards have been made. If the operator elects this option, in lieu of the information required by paragraph (6) of Code Section 10-1-831 the operator shall provide in the written statement the name, address, and telephone number of the financial institution where the escrow account is maintained and the account number of the

SELLING/OTHER TRADE PRACTICES

escrow account. The operator shall maintain a record of each escrow account established for a period of five years.

History

Code 1981, § 10-1-837, enacted by Ga. L. 1994, p. 1165, § 7.

Annotations

JUDICIAL DECISIONS Attorney fees awarded. - After the jury rendered a verdict in favor of the beauty pageant contestant, finding that the pageant promoters violated the statutory requirements regarding the providing of certain information to contestants, the posting of a bond, and the maintaining of an escrow account, in violation of O.C.G.A. §§ 10-1-831,

10-1-832, and 10-1-837, the trial court’s award of attorney fees and litigation expenses to the contestant pursuant to O.C.G.A. §§ 10-1-399 and 10-1-835 was proper. Galardi v. Steele-Inman, 266 Ga. App. 515, 597 S.E.2d 571, 2004 Ga. App. LEXIS 420 (2004), cert. denied, No. S04C1331, 2004 Ga. LEXIS 757 (Ga. Sept. 7, 2004).