The clerk of the court shall retain the remaining balance of the proceeds of a sale conducted under Code Section 52-7-75, after satisfaction of liens, security interests, and debts, for a period of 12 months; and, if no claim has been filed against such proceeds by the owner of the abandoned vessel or any interested party, then he shall pay such remaining balance as follows:
History. Code 1981, § 52-7-77 , enacted by Ga. L. 1989, p. 613, § 1.
Structure Georgia Code
Title 52 - Waters of the State, Ports, and Watercraft
Chapter 7 - Registration, Operation, and Sale of Watercraft
§ 52-7-71. Removal and Storage of Vessels; Procedure
§ 52-7-72. Authority of Peace Officer to Cause Removal of Unattended Vessels; Notifications; Duties
§ 52-7-72.1. Penalty for Failing to Remove Unattended Vessel
§ 52-7-73. Lien on Vessel; Foreclosure in Courts Competent to Hear Civil Cases
§ 52-7-74. Procedure for Foreclosure
§ 52-7-75. Public Sale of Vessel; Disposition of Excess Proceeds
§ 52-7-76. Issuance of Certificate of Title
§ 52-7-77. Payment of Balance Remaining After Satisfaction of Liens, Security Interests, and Debts