Georgia Code § 44-14-412 - Depositories of Involuntary, Gratuitous, or Naked Deposits -- Disposition of Proceeds of Sale; One-Year Limitation for Claims of Owner

The proceeds of any sale made under Code Sections 44-14-410, 44-14-411, and 44-14-411.1 shall be applied to the payment of any expense incurred in caring for the property sold, any expense incurred in endeavoring to locate and make delivery of the property to the owner, any expense of advertising the sale, and any other necessary expenses. Should there be a balance, the balance shall be payable to the owner of the property; provided, however, that any claim of an owner shall be barred unless made within one year from the date of the sale.

Section: Previous  44-14-400  44-14-401  44-14-402  44-14-403  44-14-404  44-14-405  44-14-406  44-14-407  44-14-408  44-14-409  44-14-410  44-14-411  44-14-411.1  44-14-412  

Last modified: October 14, 2016