US Lawyer Database

§ 44-12-237. Unclaimed United States Savings Bond

Notwithstanding the provisions of subsection (a) of Code Section 44-12-216, United States savings bonds which are unclaimed property and subject to the provisions of Code Section 44-12-190, et seq., the “Disposition of Unclaimed Property Act,” shall escheat to the State of Georgia three years after becoming unclaimed property and subject to the provisions of Code […]

§ 44-12-238. Claim for United States Savings Bonds Escheated to State

Any person making a claim for the United States savings bonds escheated to the state under Code Section 44-12-237, or for the proceeds from such bonds, may file a claim in accordance with the provisions of Code Section 44-12-190, et seq., the “Disposition of Unclaimed Property Act.” Upon providing sufficient proof of the validity of […]

§ 44-12-221. Appeal of Commissioner’s Decision

Any person aggrieved by a decision of the commissioner or whose claim the commissioner has failed to act upon within 90 days after the filing of the claim may appeal such decision or lack of decision to the Superior Court of Fulton County. The proceeding shall be brought within 90 days after the decision of […]

§ 44-12-222. Determination of Claim; Hearing

The commissioner shall consider any claim filed under this article and may hold a hearing and receive evidence concerning it.  If a hearing is held, he shall prepare a finding and a decision in writing on each claim filed, stating the substance of any evidence heard by him and the reasons for his decision.  The […]

§ 44-12-223. Effect of Periods of Limitation

The expiration of any period of time specified by statute or court order, during which an action or proceeding may be commenced or enforced to obtain payment of a claim for money or property, shall not prevent the money or property from being presumed abandoned property nor affect any duty to file a report required […]

§ 44-12-227. Penalties

A person, firm, or corporation who willfully fails to render any report or perform other duties required under this article shall pay a civil penalty of $100.00 for each day the report is withheld or the duty is not performed, but not more than $5,000.00. A person, firm, or corporation who willfully fails to pay […]