O.C.G.A.

O.C.G.A. § 7-1-205 (2019)

Destruction of records

✓ 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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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.

History

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

PART 9 RECEIVERSHIP PROCEDURES INVOLVING TRUST OR POOLED ASSETS

Annotations

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

T.7, C.1, A.1, P.9

in respect of funds which it held as executor, administrator, or testamentary trustee, 94 A.L.R. 1123.