Georgia § 7-1-820 - Financial institution protection - Discharge upon proper payment; notice not to permit withdrawals.
Full text of Georgia Official Code of Georgia Annotated § 7-1-820 — Financial institution protection - Discharge upon proper payment; notice not to permit withdrawals., with citation guidance and answers to common questions.
§ 7-1-820. Financial institution protection - Discharge upon proper payment; notice not to permit withdrawals.
Payment made pursuant to Code Section 7-1-816, 7-1-817, 7-1-818, or 7-1-819 discharges the financial institution from all claims for amounts so paid, whether or not the payment is consistent with the beneficial ownership of the account as between parties, P.O.D. payees, or beneficiaries or their successors. The protection here given does not extend to payments made after a financial institution has received written notice from any party able to request present payment to the effect that withdrawals in accordance with the terms of the account should not be permitted. (Code 1933, § 41A-3811, enacted by Ga. L. 1976, p. 1388, § 8.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 7-1-820
What does Official Code of Georgia Annotated § 7-1-820 cover?
Section 7-1-820 ("Financial institution protection - Discharge upon proper payment; notice not to permit withdrawals.") 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 § 7-1-820?
A common citation format is "Official Code of Georgia Annotated § 7-1-820" (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 § 7-1-820 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.