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O.C.G.A. § 7-1-205 — Destruction of records | Georgia Code
O.C.G.A. § 7-1-205 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 7 BANKING AND FINANCE

Section 1. Financial Institutions, 7-1-1 through 7-1-1021.

ARTICLE 1 PROVISIONS APPLICABLE TO DEPARTMENT OF BANKING AND FINANCE AND FINANCIAL INSTITUTIONS GENERALLY

7-1-205. Destruction of records.

The department is authorized to destroy all records of the financial institution of which it was in possession as receiver and all records of such receivership at the expiration of six years from the date of the absolute confirmation of its final account, except where any provision of this chapter expressly provides a different method for the disposition of the records or a longer period for their preservation.

(Code 1933, § 41A-816, enacted by Ga. L. 1974, p. 705, § 1.)

PART 9 R ECEIVERSHIP PROCEDURES INVOLVING TRUST OR POOLED ASSETS

RESEARCH REFERENCES

ALR.

- Trust or preference in respect of money placed in bank for purpose of transaction with third person where bank subsequently becomes insolvent, 31 A.L.R. 472; 93 A.L.R. 881.

Trust or preference in respect of money used to purchase exchange or to be transmitted, 57 A.L.R. 1168; 84 A.L.R. 1470; 93 A.L.R. 938; 101 A.L.R. 631.

Trust or preference in, or lien upon, assets of insolvent bank or trust company in respect of funds which it held as executor, administrator, or testamentary trustee, 94 A.L.R. 1123.

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This Georgia Code resource is curated by Georgia Bar member Graham W. Syfert, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. For legal consultation, call 904-383-7448.