§ 53-7-142 - (Pre-1998 Probate Code) Disposition of unclaimed funds when discharge granted; liability of administrator or executor and sureties
O.C.G.A. 53-7-142 (2010)
53-7-142. (Pre-1998 Probate Code) Disposition of unclaimed funds when discharge granted; liability of administrator or executor and sureties
If funds are in the hands of the administrator or executor and no person claims the same, the judge of the probate court may nevertheless grant a discharge, at the same time passing an order either requiring the administrator or executor to deposit the funds in a solvent bank as the court may direct or else authorizing him to retain the same in his hands at a rate of interest not exceeding 4 percent per annum. The discharge shall not take effect until the money is deposited or, in the event of its being retained by the administrator or executor, the discharge shall not relieve him or his sureties from their liability to comply with the order and respond for the fund.