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Section 7-1-354 - Money received for transmission — 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 2 - Banks and Trust Companies/
  7. Part 6 - Deposits, Safe-deposit Agreements, and Money Received for Transmission/
  8. Section 7-1-354 - Money received for transmission
Georgia Legal Code

Section 7-1-354 - Money received for transmission

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(a) A bank or trust company which receives money for transmission shall give the customer a receipt setting forth:(1) The date of receipt of the money;(2) The amount of the money in dollars and cents; and(3) If the money is to be transmitted to a foreign country in the currency of such country, the amount of the money in such currency.(b) In an action by a customer against a bank or trust company for recovery of money delivered for transmission, the burden of proof of delivery of the money in accordance with the instructions of the customer shall be on the bank or trust company; but an affidavit by an agent or correspondent of the bank or trust company that the money was delivered in accordance with the customer's instructions shall be prima-facie evidence of the delivery of the money in accordance with the customer's instructions.