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O.C.G.A. § 7-1-815 — Survivorship transfers nontestamentary | Georgia Code

O.C.G.A. § 7-1-815 (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 8 MULTIPLE-PARTY ACCOUNTS

7-1-815. Survivorship transfers nontestamentary.

Any transfers resulting from the application of Code Section 7-1-813 are effective by reason of the account contracts involved in this article and are not to be considered as testamentary.

(Code 1933, § 41A-3806, enacted by Ga. L. 1976, p. 1388, § 8.)

Law reviews.

- For article, "Commercial Law," see 53 Mercer L. Rev. 153 (2001).

JUDICIAL DECISIONS

Summary judgment was not proper when a question of fact remained as to whether the funds received by the surviving spouse passed to the survivor outside the estate and did not constitute an election to take under the will and if the surviving spouse was therefore entitled to the statutory year's support. Wynn v. Wynn, 202 Ga. App. 679, 415 S.E.2d 287, cert. denied, 202 Ga. App. 907, 415 S.E.2d 287 (1992).

Cited in Lowry v. Fenzel, 331 Ga. App. 603, 769 S.E.2d 522 (2015).

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This Georgia Code resource is curated by 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.