All money received by the clerk under Code Section 44-2-190 shall be kept in a separate account and paid promptly into the state treasury upon the special trust and condition that such moneys shall be set aside by the state treasurer in trust as a separate fund for the uses and purposes of this article, to be known as the “Land Registration Assurance Fund,” which fund is appropriated to the uses and purposes set forth in this article.
History. Ga. L. 1917, p. 108, § 75; Code 1933, § 60-702; Ga. L. 1993, p. 1402, § 18; Ga. L. 2010, p. 863, § 3/SB 296.
The 2010 amendment, effective July 1, 2010, substituted “state treasurer” for “director of the Office of Treasury and Fiscal Services” in the middle of this Code section.
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