Georgia § 7-1-353 - Adverse claims to deposits and property held in safe deposit.
Full text of Georgia Official Code of Georgia Annotated § 7-1-353 — Adverse claims to deposits and property held in safe deposit., with citation guidance and answers to common questions.
§ 7-1-353. Adverse claims to deposits and property held in safe deposit.
Except as provided in subsections (b) and (c) of this Code section, a bank or trust company shall not be required to deny control over or access to a deposit account or property held in safe deposit (whether by the bank or trust company or in a safe-deposit box or other receptacle leased to a customer) to: The customer in whose name the account or property is held by the bank or trust company (including one of two depositors or lessees entitled to such control or access by virtue of their contract with the bank or trust company); or A person or group of persons who is authorized to draw on or control the account or property pursuant to a certified corporate resolution or other written arrangement with the customer currently on file with the bank or trust company. A bank shall be entitled to act and rely upon: A court order, distraint, levy, garnishment, or other effective legal process; An agreement of the parties concerning an adverse claim; or A claim of the type described in subsection (a) of this Code section accompanied by a bond or other indemnity adequate to protect the bank or trust company from loss as a consequence of recognizing an adverse claim. Nothing in this Code section shall impair the effect of a discharge which a bank or trust company would be entitled to under Code Section 11-3-602. (Code 1933, § 41A-1606, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1984, p. 22, § 7; Ga. L. 1997, p. 143, § 7; Ga. L. 2016, p. 390, § 7-8/HB 811.) Cross references. - Disposition of property held in safe deposit box or held for safekeeping by financial institution for which department acts as receiver, § 7-1-172 .
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 7-1-353
What does Official Code of Georgia Annotated § 7-1-353 cover?
Section 7-1-353 ("Adverse claims to deposits and property held in safe deposit.") 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 § 7-1-353?
A common citation format is "Official Code of Georgia Annotated § 7-1-353" (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 § 7-1-353 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.