Georgia § 45-8-15 - Deposit of funds in banks or depositories - Lien in favor of public body on bank assets; deposit as trust fund.
Full text of Georgia Official Code of Georgia Annotated § 45-8-15 — Deposit of funds in banks or depositories - Lien in favor of public body on bank assets; deposit as trust fund., with citation guidance and answers to common questions.
§ 45-8-15. Deposit of funds in banks or depositories - Lien in favor of public body on bank assets; deposit as trust fund.
Upon any deposit of public funds being made in any bank, whether designated as a depository or not, there shall arise in favor of the public body to which such fund belongs a lien on all the assets of said bank, superior to all other liens, for the amount of such funds. Upon being deposited in any bank, all funds of any public body shall be deemed to be held as a trust fund. (Ga. L. 1933, p. 78, § 6; Code 1933, § 89-813.)
Frequently Asked Questions About Georgia § 45-8-15
What does Official Code of Georgia Annotated § 45-8-15 cover?
Section 45-8-15 ("Deposit of funds in banks or depositories - Lien in favor of public body on bank assets; deposit as trust fund.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 45-8-15?
A common citation format is "Official Code of Georgia Annotated § 45-8-15" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 45-8-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.