Whenever a dividend remains unclaimed six months after it has been declared and the department is unable to locate the depositor or other claimant to whom said dividend was payable, the dividend shall become a part of the general assets of the financial institution and be distributed as other assets.
History. Ga. L. 1919, p. 135, art. 7, § 24; Ga. L. 1925, p. 119, § 1; Code 1933, § 13-826; Code 1933, § 41A-812, enacted by Ga. L. 1974, p. 705, § 1.
Structure Georgia Code
Chapter 1 - Financial Institutions
Part 8 - Claims, Priorities, and Accounting in Receiverships
§ 7-1-190. Preservation of Assets; Proceedings in Lieu of Attachment, Execution, or Repossession
§ 7-1-191. Exclusivity of Claims Procedure; Effect of Receivership on Pending Actions
§ 7-1-192. Notice to Depositors and Other Creditors to Present Claims
§ 7-1-193. Proof of Claims of Depositors
§ 7-1-194. Proof of Claims of Creditors
§ 7-1-195. Allowance of Claims
§ 7-1-196. Advance Payment of Dividends to Depositors
§ 7-1-197. Expenses of Administration
§ 7-1-198. Filing or Ordering Partial or Final Account; Notice of Filing; Exceptions
§ 7-1-199. Adjudication of Rejected Claims and Exceptions to Account
§ 7-1-201. Unclaimed Dividends
§ 7-1-202. Order of Payment of Liabilities; Secured or Preferred Claims and Liens
§ 7-1-203. Subrogation of Insurer of Deposits or Shares