O.C.G.A.

O.C.G.A. § 40-2-24 (2019)

Bonds of tag agents

✓ 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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Each tag agent shall give bond conditioned as the commissioner may require, and in such amount as the commissioner may deem necessary and proper, not exceeding $250,000.00, to protect the state adequately. Such bond shall be executed by a surety corporation licensed to do business in the State of Georgia, as surety, and the premiums shall be paid by the department. The bond shall run to the Governor and his or her successors in office and shall be approved as to conditions, form, and sufficiency by the commissioner.

History

Ga. L. 1955, p. 645, § 4; Ga. L. 1957, p. 197, § 3; Ga. L. 1966, p. 508, § 5; Code 1981, § 40-2-23; Code 1981, § 40-2-24, as

redesignated by Ga. L. 1990, p. 2048, § 2; Ga. L. 2000, p. 951, § 3-4; Ga. L. 2005, p. 334, § 14-3/HB 501.

Annotations

OPINIONS OF THE ATTORNEY GENERAL Dealership registering in county of dealership’s residence. - Unless a dealership wishes to obtain separate regular license plates for each vehicle obtained by the dealership from the factory prior to selling a vehicle, a vehicle cannot be registered in the county of the

residence of the dealership. 1954-56 Ga. Op. Att’y Gen. 479. Revenue commissioner does not pay premium on the bond that is payable to the state under former Code 1933, § 92-4801.1969 Op. Att’y Gen. No. 69-91 (see now O.C.G.A. § 48-5-122).

REGISTRATION/LICENSING OF MOTOR VEH.

RESEARCH REFERENCES Am. Jur. 2d. 12 Am. Jur. 2d, Bonds, § 1 et seq.