2020 Georgia Code
Title 44 - Property
Chapter 12 - Rights in Personalty
Article 5 - Disposition of Unclaimed Property
§ 44-12-200. When Unclaimed Court Ordered Refund From Business Association Presumed Abandoned
Except to the extent otherwise ordered by a court or administrative agency of competent jurisdiction, any sum that a business association has been ordered to refund by a court or administrative agency which has remained unclaimed by the owner for more than five years after it became payable in accordance with the final determination or order providing for the refund, regardless of whether the final determination or order requires any person entitled to a refund to make a claim for it, is presumed abandoned.
(Code 1981, §44-12-200, enacted by Ga. L. 1990, p. 1506, § 1; Ga. L. 1992, p. 1237, § 6.)
OPINIONS OF THE ATTORNEY GENERAL
Intangible property held or owing is included.
- In light of the broad scope of the omnibus section (O.C.G.A. § 44-12-200) and the uniform nature of the interpretation of the 1972 and 1990 Disposition of Unclaimed Property Acts, O.C.G.A. § 44-12-190 et seq., the omnibus section of each respective Act includes intangible property held or owing in the ordinary course of the holder's business. 1993 Op. Att'y Gen. No. 93-2.
