Penalty for Failure to Deposit Proceeds of Sale in Custodial Account

  1. Law
  2. Georgia Code
  3. Animals
  4. Livestock Dealers and Auctions
  5. Custodial Accounts for Livestock Sellers
  6. Penalty for Failure to Deposit Proceeds of Sale in Custodial Account

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Failure to deposit the proceeds received from the sale of livestock in a custodial account as required by Code Section 4-6-21, misuse of such funds, or payment by a bank of funds held in a custodial account without the certificate required by Code Section 4-6-22 shall constitute a misdemeanor.

(Ga. L. 1966, p. 350, § 4; Ga. L. 1983, p. 1161, § 1.)


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