Georgia § 43-4A-12 - Surety bond requirement; suspension for failure to maintain.
Full text of Georgia Official Code of Georgia Annotated § 43-4A-12 — Surety bond requirement; suspension for failure to maintain., with citation guidance and answers to common questions.
§ 43-4A-12. Surety bond requirement; suspension for failure to maintain.
An athlete agent shall deposit or have deposited with the Secretary of State, prior to the issuance of a registration or renewal of a registration, a surety bond in the penal sum of not less than $10,000.00, as established by the Secretary of State. Such surety bond shall be executed in the favor of the state with a surety company authorized to do business in this state and conditioned to pay damages in the amount of such bond to any athletic department aggrieved by any act of the principal named in such bond, which act is in violation of Code Section 43-4A-13 or would be grounds for revocation of a license under this chapter. If more than one athletic department suffers damages by the actions of an athlete agent, each athletic department shall receive a pro rata share of the amount of the bond based on the entitlement of one share of such amount of the bond for each student athlete who loses his or her eligibility to participate in intercollegiate sports contests as a member of a sports team at an institution of higher education as a result of actions of the athlete agent. If any registrant fails to maintain such bond so as to comply with the provisions of this Code section, the registration issued to the athlete agent shall be suspended until such time as a new bond is obtained. An athlete agent whose registration is suspended pursuant to this Code section shall not carry on any business as an athlete agent during the period of suspension. (Code 1981, § 43-4A-13 , enacted by Ga. L. 1988, p. 651, § 1; Ga. L. 1989, p. 370, § 9; Ga. L. 2003, p. 774, § 14; Code 1981, § 43-4A-12 , as redesignated by Ga. L. 2010, p. 376, § 2/SB 149.) Editor's notes. - Ga. L. 2010, p. 376, § 2, effective July 1, 2010, redesignated former Code Section 43-4A-12 as present Code Section 43-4A-11. Law reviews. - For note on 1989 amendment to this Code section, see 6 Ga. St. U.L. Rev. 298 (1989).
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 43-4A-12
What does Official Code of Georgia Annotated § 43-4A-12 cover?
Section 43-4A-12 ("Surety bond requirement; suspension for failure to maintain.") 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 § 43-4A-12?
A common citation format is "Official Code of Georgia Annotated § 43-4A-12" (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 § 43-4A-12 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.