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

O.C.G.A. § 44-12-95 (2019)

Effect of use of naked deposit on liability

✓ 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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One who holds a naked deposit may not use such deposit without increasing his responsibility unless the use is necessary to preserve the deposit or, from the circumstances, the consent of the depositor may be reasonably presumed.

History

Orig. Code 1863, § 2087; Code 1868, § 2082; Code 1873, § 2108; Code 1882,

§ 2108; Civil Code 1895, § 2926; Civil Code 1910, § 3499; Code 1933, § 12-306.

Annotations

RESEARCH REFERENCES ALR. Liability of a bailee of money who commingles it with his own funds, 20 A.L.R. 378.

Am. Jur. 2d. 8 Am. Jur. 2d, Bailments, § 60 et seq. C.J.S. 26B C.J.S., Depositaries, § 11 et seq.