Georgia § 50-5-65 - Transfer of personal property titles to effectuate lease purchases; authority; form.
Full text of Georgia Official Code of Georgia Annotated § 50-5-65 — Transfer of personal property titles to effectuate lease purchases; authority; form., with citation guidance and answers to common questions.
§ 50-5-65. Transfer of personal property titles to effectuate lease purchases; authority; form.
The Department of Administrative Services is authorized to make transfers of title to personal property titled in the name of any department, agency, or institution of the state to private individuals, corporations, or firms for the purpose of effectuating lease purchases of such property between the owning department, agency, or institution and the private individuals, corporations, or firms. Transfers of title shall be made only in conjunction with the execution of a lease purchase agreement between an agency, department, or institution of the state and the transferee acquiring title; and the agreement shall be consummated on the standard agreement form developed pursuant to Code Section 50-5-64. The departments, agencies, and institutions of the state are authorized to accept the title to property, subject to a contract for lease purchase or installment purchase, upon execution of the aforementioned standard agreement by the Department of Administrative Services; and the department is authorized to transfer title back to the vendor in the name of the department, agency, or institution in the event that the agreement is not fully consummated. (Ga. L. 1980, p. 90, § 1.)
Frequently Asked Questions About Georgia § 50-5-65
What does Official Code of Georgia Annotated § 50-5-65 cover?
Section 50-5-65 ("Transfer of personal property titles to effectuate lease purchases; authority; form.") 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 § 50-5-65?
A common citation format is "Official Code of Georgia Annotated § 50-5-65" (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 § 50-5-65 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.