O.C.G.A. § 44-12-219: When commissioner may decline to receive certain property.
Where this section sits in the code
- TITLE 44 Property
- CHAPTER 12 Rights in Personalty
- Article 5 Disposition of Unclaimed Property
The commissioner, after receiving reports of property deemed abandoned pursuant to this article, may decline to receive any property reported which he deems to have a value less than the cost of giving notice and holding sale, or he may, if he deems it desirable because of the small sum involved, postpone taking possession until a sufficient sum accumulates. Unless the holder of the property is notified to the contrary within 120 days after filing the report required under Code Section 44-12-214, the commissioner shall be deemed to have elected to receive the custody of the property.
Collected 2026-09-17T19:34:57Z. Source file · JSON