O.C.G.A.
O.C.G.A. § 29-6-6 (2019)
Requirement to deposit excess funds in FDIC insured 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.
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When any funds due and owing a minor or adult come into the hands of the judge of the probate court and the funds are not needed for the support, care, education, health, and welfare of the minor or adult, it shall be the duty of the judge to place the funds in an account insured by the Federal Deposit Insurance Corporation in the name of the judge as custodian for the minor or adult. There shall be no further liability against the judge or the judge’s bond when the deposit is made in good faith.
History
(Code 1981, § 29-6-6, enacted by Ga. L. 2004, p. 161, § 1.)
Notes of Decisions
Cited in 1
case, 2002–2002 · leading case: Cross v. Stokes, 572 S.E.2d 538 (Ga. 2002).
Cross v. Stokes, 572 S.E.2d 538 (Ga. 2002). “Robertson in 1995; that appellant, at the request of the DVA, in 1996 asked the trial court to issue an amended letter of guardianship to reflect that appellant was serving as DVA guardian; and that the probate court issued an order in 1997 revoking the “general law”…”
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