Georgia § 45-8-8 - Bonds - When principal and surety not liable.
Full text of Georgia Official Code of Georgia Annotated § 45-8-8 — Bonds - When principal and surety not liable., with citation guidance and answers to common questions.
§ 45-8-8. Bonds - When principal and surety not liable.
Neither the principal nor the surety on any bond of any collecting officer or any officer to hold public funds shall be liable for the failure of such officer to account for any public money coming into his hands which he shall have deposited in any designated depository or, if the proper authority shall have failed to designate a depository, in any bank selected by him, if it was deposited in the name of the public body to which it belongs, in his own name in his official title or with his official capacity disclosed, or if the bank receiving the same shall otherwise have notice of the public nature of the deposit, provided that said failure to account is attributable solely to the failure or insolvency of such depository. Neither the principal nor the surety on the bond of the head of any state department or agency shall be liable for the failure of an employee of any such department or agency to account for any public money coming into the hands of such employee, if such employee is bonded in an amount deemed adequate by the head of the department or agency and the state auditor and the bond complies with this chapter. (Ga. L. 1933, p. 78, § 13; Ga. L. 1964, p. 282, § 1.)
Frequently Asked Questions About Georgia § 45-8-8
What does Official Code of Georgia Annotated § 45-8-8 cover?
Section 45-8-8 ("Bonds - When principal and surety not liable.") 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 § 45-8-8?
A common citation format is "Official Code of Georgia Annotated § 45-8-8" (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 § 45-8-8 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.