O.C.G.A.

O.C.G.A. § 7-1-201 (2019)

Unclaimed dividends

✓ 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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Whenever a dividend remains unclaimed six months after it has been declared and the department is unable to locate the depositor or other claimant to whom said dividend was payable, the dividend shall become a part of the general assets of the financial institution and be distributed as other assets.

History

Ga. L. 1919, p. 135, art. 7, § 24; Ga. L. 1925, p. 119, § 1; Code 1933, § 13-826;

Code 1933, § 41A-812, enacted by Ga. L. 1974, p. 705, § 1.

Notes of Decisions

Cited in 1 case, 2006–2006 · leading case: First Nat'l Bank v. Proceeding Ayres Aviation Holdings, Inc. (In re Ayres Aviation Holdings, Inc.), 342 B.R. 104 (Bankr. M.D. Ga. 2006).

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First Nat'l Bank v. Proceeding Ayres Aviation Holdings, Inc. (In re Ayres Aviation Holdings, Inc.), 342 B.R. 104 (Bankr. M.D. Ga. 2006). · cites it 2× “Section 7-1-201(9), which is almost identical to the last sentence of O.”

— 7-1-201(9) — 1 case

First Nat'l Bank v. Proceeding Ayres Aviation Holdings, Inc. (In re Ayres Aviation Holdings, Inc.), 342 B.R. 104 (Bankr. M.D. Ga. 2006). “Section 7-1-201(9), which is almost identical to the last sentence of O.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.