Except as provided in Article 8 of this chapter, if no application for the deposit is made by any person named in Code Section 7-1-791 within 90 days from the death of a depositor, a savings and loan association shall be authorized to apply not more than $1,000.00 of the deposit of such deceased depositor in payment of the funeral expenses of such deceased depositor upon receipt of an itemized statement of such expenses and the affidavit of the undertaker conducting the funeral that said statement was true and correct and had not been paid.
History. Ga. L. 1937-38, Ex. Sess., p. 307, § 16; Code 1933, § 41A-3524, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1976, p. 1388, § 7; Ga. L. 2016, p. 390, § 7-4/HB 811.
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 7 - Building and Loan Associations and Savings and Loan Associations
§ 7-1-777. Principal and Branch Offices
§ 7-1-780. Lien on Deposits to Secure Loans
§ 7-1-781. Conversion Into Savings and Loan Association
§ 7-1-783. Previous Conversions Into Savings and Loan Associations Ratified
§ 7-1-787. Exemption From Securities Regulations
§ 7-1-790. Deposits of Fiduciaries
§ 7-1-791. Payment on Death of Depositor
§ 7-1-792. Deposits Applied to Funeral Expenses
§ 7-1-793. Investment of Funds in Insured Deposits
§ 7-1-794. Deposits as Security or in Lieu of Bond
§ 7-1-795. Savings Account Books and Certificates
§ 7-1-796. Insanity, Incompetency, Bankruptcy, or Death of Depositor