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Section 7-1-201 - Unclaimed dividends — Georgia Law | CourtGPT
  1. Home/
  2. Laws/
  3. Georgia/
  4. Title 7 - Banking and Finance/
  5. Chapter 1 - Financial Institutions (§§ 7-1-1 — 7-1-1138)/
  6. Article 1 - Provisions Applicable to Department of Banking and Finance and Financial Institutions Generally/
  7. Part 8 - Claims, Priorities, and Accounting in Receiverships/
  8. Section 7-1-201 - Unclaimed dividends
Georgia Legal Code

Section 7-1-201 - Unclaimed dividends

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Whenever a dividend remains unclaimed six months after it has been declared and the department is unable to locate the depositor or other claimant to whom said dividend was payable, the dividend shall become a part of the general assets of the financial institution and be distributed as other assets.