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Call Now: 904-383-7448The expiration of any period of time specified by statute or court order, during which an action or proceeding may be commenced or enforced to obtain payment of a claim for money or property, shall not prevent the money or property from being presumed abandoned property nor affect any duty to file a report required by this article or to pay or deliver abandoned property to the commissioner.
(Code 1981, §44-12-223, enacted by Ga. L. 1990, p. 1506, § 1.)
- Outstanding checks may be evidence of abandoned deposits, but the checks themselves would not be abandoned property. 1981 Op. Att'y Gen. No. 81-16.
- Checks issued in payment of obligations incurred in the ordinary course of business, such as rent and utility bills, are not abandoned property, and a bank need not report checks of this type as unclaimed property. 1981 Op. Att'y Gen. No. 81-16.
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