O.C.G.A.
O.C.G.A.

O.C.G.A. § 4-6-23 (2019)

Penalty for failure to deposit proceeds of sale in custodial account

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
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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Failure to deposit the proceeds received from the sale of livestock in a custodial account as required by Code Section 4-6-21, misuse of such funds, or payment by a bank of funds held in a custodial account without the certificate required by Code Section 4-6-22 shall constitute a misdemeanor.

History

(Ga. L. 1966, p. 350, § 4; Ga. L. 1983, p. 1161, § 1.)

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ARTICLE 3 LIVESTOCK AUCTIONS

Annotations

Cross references. - Making of implied warranties by companies auctioning cattle, hogs, and sheep, § 11-2-316.

Sales by auction generally, § 11-2-328.

Auctions of wild animals, § 27-5-11.

Regulation of business of auctioneers generally, T. 43, C. 6.

Administrative Rules and Regulations. - Auction markets, Official Compilation of the Rules and Regulations of the State of Georgia, Rules of Georgia Department of Agriculture, Animal Health Division, Chapter 40-13-6.

Licensing and bonding requirements, Official Compilation of the Rules and Regulations of the State of Georgia, Rules of Georgia Department of Agriculture, Animal Health Division, Licensing, Chapter 40-13-7.01.

RESEARCH REFERENCES

ALR. - Withdrawal of property from auction sale, 37 A.L.R.2d 1049.