There is a newer version of the Georgia Code
2010 Georgia Code
TITLE 7 - BANKING AND FINANCE
CHAPTER 1 - FINANCIAL INSTITUTIONS
ARTICLE 8 - MULTIPLE-PARTY ACCOUNTS
§ 7-1-820 - Financial institution protection -- Discharge upon proper payment; notice not to permit withdrawals
O.C.G.A. 7-1-820 (2010)7-1-820. Financial institution protection -- Discharge upon proper payment; notice not to permit withdrawals
Payment made pursuant to Code Section 7-1-816, 7-1-817, 7-1-818, or 7-1-819 discharges the financial institution from all claims for amounts so paid, whether or not the payment is consistent with the beneficial ownership of the account as between parties, P.O.D. payees, or beneficiaries or their successors. The protection here given does not extend to payments made after a financial institution has received written notice from any party able to request present payment to the effect that withdrawals in accordance with the terms of the account should not be permitted.
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