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O.C.G.A. § 32-2-77 — Liability of treasurer of the department or other appropriate authority and state to contractor or surety | Georgia Code

O.C.G.A. § 32-2-77 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 32 HIGHWAYS, BRIDGES, AND FERRIES

Section 2. Department of Transportation, 32-2-1 through 32-2-81.

ARTICLE 4 EXERCISE OF POWER TO CONTRACT GENERALLY

32-2-77. Liability of treasurer of the department or other appropriate authority and state to contractor or surety.

Neither the treasurer of the department or the appropriate authority nor the state shall be liable to the contractor or his surety for the failure of the escrow agent to perform under the escrow agreement, or for the failure of any bank to honor certificates of deposits issued by it which are held in the escrow account.

(Ga. L. 1971, p. 635, § 3.)

RESEARCH REFERENCES

C.J.S.

- 30A C.J.S., Escrows, § 15 et seq.

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This Georgia Code resource is curated by Graham W. Syfert, Esq., a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. For legal consultation, call 904-383-7448.