Georgia § 53-10-4 - Disposition of property upon simultaneous death of joint owners.
Full text of Georgia Official Code of Georgia Annotated § 53-10-4 — Disposition of property upon simultaneous death of joint owners., with citation guidance and answers to common questions.
§ 53-10-4. Disposition of property upon simultaneous death of joint owners.
If any stocks, bonds, bank deposits, or other intangible property shall be owned so that one of two joint owners is entitled to the whole on the death of the other and both owners die and there is no sufficient evidence that the two joint owners have died otherwise than simultaneously, these assets shall be distributed one-half as if one joint owner had survived and one-half as if the other joint owner had survived. If there are more than two joint owners and there is no sufficient evidence that all have died other than simultaneously, these assets shall be divided into as many equal shares as there are joint owners and these portions shall be distributed respectively to those who would have taken in the event that each joint owner had survived. (Code 1981, § 53-10-4 , enacted by Ga. L. 1996, p. 504, § 10.)
Frequently Asked Questions About Georgia § 53-10-4
What does Official Code of Georgia Annotated § 53-10-4 cover?
Section 53-10-4 ("Disposition of property upon simultaneous death of joint owners.") 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 § 53-10-4?
A common citation format is "Official Code of Georgia Annotated § 53-10-4" (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 § 53-10-4 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.