2020 Georgia Code
Title 44 - Property
Chapter 14 - Mortgages, Conveyances to Secure Debt, and Liens
Article 8 - Liens
Part 5 - Pawnbrokers, Factors, Bailees, Acceptors, and Depositories
§ 44-14-412. Depositories of Involuntary, Gratuitous, or Naked Deposits - Disposition of Proceeds of Sale; One-Year Limitation for Claims of Owner

Universal Citation: GA Code § 44-14-412 (2020)

The proceeds of any sale made under Code Sections 44-14-410, 44-14-411, and 44-14-411.1 shall be applied to the payment of any expense incurred in caring for the property sold, any expense incurred in endeavoring to locate and make delivery of the property to the owner, any expense of advertising the sale, and any other necessary expenses. Should there be a balance, the balance shall be payable to the owner of the property; provided, however, that any claim of an owner shall be barred unless made within one year from the date of the sale.

(Ga. L. 1947, p. 1165, § 3; Ga. L. 1982, p. 915, § 7.)

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