Georgia § 9-8-11 - Liability of receiver where bank fails.
Full text of Georgia Official Code of Georgia Annotated § 9-8-11 — Liability of receiver where bank fails., with citation guidance and answers to common questions.
§ 9-8-11. Liability of receiver where bank fails.
Where funds are in the hands of a receiver pending a final disposition, the receiver may deposit the funds into a bank or trust company which is insured by the Federal Deposit Insurance Corporation, Federal Savings and Loan Insurance Corporation, or successor entities. If the receiver fails to utilize such an insured bank or trust company, he shall be personally liable for any resulting loss. (Civil Code 1895, § 4909; Civil Code 1910, § 5484; Code 1933, § 55-310.) History of section. - The language of this Code section is derived in part from the decision in Ricks v. Broyles, 78 Ga. 610 , 3 S.E. 772 (1887).
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 9-8-11
What does Official Code of Georgia Annotated § 9-8-11 cover?
Section 9-8-11 ("Liability of receiver where bank fails.") 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 § 9-8-11?
A common citation format is "Official Code of Georgia Annotated § 9-8-11" (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 § 9-8-11 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.