There is a newer version of the Georgia Code
2006 Georgia Code - 44-12-236
44-12-236. (a) As used in the Code section, the term: (1) 'Approved uses' means: (A) Donated to an Internal Revenue Code Section 501(c)(3) organization serving in the electric membership corporatiońs service area; (B) Used in support of education in the electric membership corporatiońs service area; or (C) Used for economic development purposes in the electric membership corporatiońs service area. (2) 'Electric membership corporatiońs service area' means any county in which the electric membership corporation provides electric service and any county adjacent thereto. (b) All patronage dividends or capital credits presumed abandoned pursuant to this article in a given calendar year that are held by an electric membership corporation organized and operating pursuant to Article 4 of Chapter 3 of Title 46 may, in lieu of payment of delivery to the commissioner pursuant to this article, be donated for approved uses if the electric membership corporation has: (1) Maintained for at least six months on the electric membership corporatiońs website or on a public posting in the electric membership corporatiońs main office a list of the names and last known addresses of all owners of property held by the electric membership corporation which has been presumed abandoned, together with instructions on how to claim such property; and (2) Published in the legal organ in the county in which the electric membership corporatiońs main office is located notice of the last date to claim property that has been presumed abandoned. Such notice shall be published within three to six months prior to the last date to claim the property and shall state that the names of the owners may be found at the electric membership corporatiońs website or the main office.Disclaimer: These codes may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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