Georgia § 44-12-212 When property described in Code Section 44-12-193 not subject to this article

Georgia Statutes

§ 44-12-212 — When property described in Code Section 44-12-193 not subject to this article

Georgia § 44-12-212

Title44

This text of Georgia § 44-12-212 (When property described in Code Section 44-12-193 not subject to this article) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 44-12-212 (2026).

Text

If specific property which is subject to the provisions of Code Section 44-12-193 is held for or owed or distributable to an owner whose last known address is in another state by a holder who is subject to the jurisdiction of that state, the specific property is not presumed abandoned in this state and subject to this article if:

(1)It may be claimed as abandoned or escheated under the laws of such other state; and (2) The laws of such other state make reciprocal provision that similar specific property is not presumed abandoned or escheatable by such other state when held for or owed or distributable to an owner whose last known address is within this state by a holder who is subject to the jurisdiction of this state.

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If specific property which is subject to the provisions of Code Section 44-12-193 is held for or owed or distributable to an owner whose last known address is in another state by a holder who is subject to the jurisdiction of that state, the specific property is not presumed abandoned in this state and subject to this article if: (1) It may be claimed as abandoned or escheated under the laws of such other state; and (2) The laws of such other state make reciprocal provision that similar specific property is not presumed abandoned or escheatable by such other state when held for or owed or distributable to an owner whose last known address is within this state by a holder who is subject to the jurisdiction of this state.