Upon the original registration of any land under this article, there shall be paid to the clerk as an assurance fund one-tenth of 1 percent of the value of the land to be determined by the court. The fund shall be subject to the trusts and conditions set forth in this part for the uses and purposes of this article.
History. Ga. L. 1917, p. 108, § 74; Code 1933, § 60-701; Ga. L. 1982, p. 3, § 44.
Structure Georgia Code
Chapter 2 - Recordation and Registration of Deeds and Other Instruments
§ 44-2-190. Payment Into Assurance Fund Upon Original Registration; Determination of Amount
§ 44-2-191. Separate Account for Assurance Fund
§ 44-2-192. Investment of Fund; Application of Income; Transfer of Excess
§ 44-2-194. Action Against Fund — Parties Defendant
§ 44-2-196. Action Against Fund — How Judgments Satisfied When Fund Insufficient; Interest
§ 44-2-197. Liability of Fund for Registered Owner’s Breach of Trust