Georgia § 47-2-30 - Deposits of cash available for disbursements for benefits and other payments.
Full text of Georgia Official Code of Georgia Annotated § 47-2-30 — Deposits of cash available for disbursements for benefits and other payments., with citation guidance and answers to common questions.
§ 47-2-30. Deposits of cash available for disbursements for benefits and other payments.
For the purpose of meeting disbursements for pensions, annuities, and other payments, cash may be kept available on deposit in one or more banks or trust companies organized under the laws of this state or of the United States, provided that the sum on deposit in any one bank or trust company shall not exceed 25 percent of the paid up capital and surplus of each bank or trust company; and provided, further, that each bank or trust company shall either give a depository bond in an amount sufficient to cover the deposits or place in trust a sufficient amount of federal or state securities to cover the deposits. (Ga. L. 1949, p. 138, § 7.)
Frequently Asked Questions About Georgia § 47-2-30
What does Official Code of Georgia Annotated § 47-2-30 cover?
Section 47-2-30 ("Deposits of cash available for disbursements for benefits and other payments.") 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 § 47-2-30?
A common citation format is "Official Code of Georgia Annotated § 47-2-30" (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 § 47-2-30 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.