Georgia § 7-1-820 Discharge upon proper payment; notice not to permit withdrawals

Georgia Statutes

§ 7-1-820 — Discharge upon proper payment; notice not to permit withdrawals

Georgia § 7-1-820

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This text of Georgia § 7-1-820 (Discharge upon proper payment; notice not to permit withdrawals) 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. § 7-1-820 (2026).

Text

Payment made pursuant to Code Section 7-1-816 , 7-1-817 , 7-1-818 , or 7-1-819 discharges the financial institution from all claims for amounts so paid, whether or not the payment is consistent with the beneficial ownership of the account as between parties, P.O.D. payees, or beneficiaries or their successors. The protection here given does not extend to payments made after a financial institution has received written notice from any party able to request present payment to the effect that withdrawals in accordance with the terms of the account should not be permitted.

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Payment made pursuant to Code Section 7-1-816 , 7-1-817 , 7-1-818 , or 7-1-819 discharges the financial institution from all claims for amounts so paid, whether or not the payment is consistent with the beneficial ownership of the account as between parties, P.O.D. payees, or beneficiaries or their successors. The protection here given does not extend to payments made after a financial institution has received written notice from any party able to request present payment to the effect that withdrawals in accordance with the terms of the account should not be permitted.