Georgia Statutes

§ 9-8-11 — Liability of receiver where bank fails

Georgia § 9-8-11

This text of Georgia § 9-8-11 (Liability of receiver where bank fails) 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. § 9-8-11 (2026).

Text

Where funds are in the hands of a receiver pending a final disposition, the receiver may deposit the funds into a bank or trust company which is insured by the Federal Deposit Insurance Corporation, Federal Savings and Loan Insurance Corporation, or successor entities. If the receiver fails to utilize such an insured bank or trust company, he shall be personally liable for any resulting loss.

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Bluebook (online)
Georgia § 9-8-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/9-8-11.