O.C.G.A.

O.C.G.A. § 44-14-411 (2019)

Sale by depositories of property at public auction; notice

✓ 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.
Find cases: SyfertCases citing this section GA-LEGlegis.ga.gov (official) JustiaJustia CornellLII Search CasesGoogle Scholar

Except as provided in Code Section 44-14-411.1, any property in the possession of an involuntary, gratuitous, or naked depository, which

property remains unclaimed or unidentified or the reasonable expense incurred in connection with which remains unpaid for the period of two months from the time the property came into the possession of the depository, may be sold at public auction to the highest bidder at such time and place as may be designated by the depository; provided, however, that the depositories shall publish a notice containing a general description of the property and the time and place of sale once a week for two successive weeks prior to the date of the sale in a newspaper of general circulation in the place of the sale or the nearest place thereto.

History

Ga. L. 1947, p. 1165, § 2; Ga. L. 1982, p.

3, § 44; Ga. L. 1982, p. 915, §§ 2, 5; Ga. L. 1982, p. 920, §§ 1, 2.

Annotations

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