Georgia Statutes

§ 46-4-109 — Interest on bonds after due date

Georgia·Title 46

Interest shall cease to accrue on any bond on the date that such bond becomes due for payment if said payment is made or duly provided for, but liability for such bond and for the accrued interest thereon shall continue until such bond is 20 years overdue for payment. At that time, unless demand for payment has been made, such obligation shall be extinguished and shall be deemed no longer outstanding.

Free access — add to your briefcase to read the full text and ask questions with AI

Interest shall cease to accrue on any bond on the date that such bond becomes due for payment if said payment is made or duly provided for, but liability for such bond and for the accrued interest thereon shall continue until such bond is 20 years overdue for payment. At that time, unless demand for payment has been made, such obligation shall be extinguished and shall be deemed no longer outstanding.

Georgia § 46-4-109 (Interest on bonds after due date) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15

§ 46-1-1

§ 46-1-2

Measure of damages for wrongs and injuries by railroad companies generally; venue for actions against railroad companies and electric companies generally

§ 46-1-3

Applicability of powers granted by title to other companies or entities regulated by commission

§ 46-1-4

Applicability of title to carriers engaged in interstate commerce

§ 46-1-5

Duties of Department of Human Services with regard to assistance to low or fixed income consumers of gas and electric service

§ 46-1-6

Governmental entities prohibited from restricting utility service connection or sale of fuels based on type; ability to choose utility service

§ 46-10-1

through 46-10-9 - Reserved

§ 46-11-1

through 46-11-6 - [Repealed]

§ 46-2-1

Election of Commissioners; terms of office

§ 46-2-1-1

Elections for Public Service Commission Districts 2, 3, and 5

§ 46-2-10

Payment of special fee by corporations and utilities subject to jurisdiction of commission; notice of amount due; procedure on default

§ 46-2-2

Qualifications of Commissioners; restriction on any interest in companies under jurisdiction of commission; disqualification of Commissioner

§ 46-2-20

Jurisdiction of commission generally; powers and duties of commission generally

§ 46-2-20-1

Electric vehicle charging services; operation

§ 46-2-21

Extension of commission's powers and duties to street railroads, telegraph companies, telephone companies, and gas and electric light and power companies

View on official source ↗