I was told by a branch manager that Georgia had a law that allowed the bank to pay funds directly to the funeral home for a deceased customer. The deceased is the only person on the account. I am unable to find this in the Georgia statutes. Can anyone give me some guidance?

Thanks!

iT'S THERE sKITTLES, I'll see if I can find it real quick...I want to think there is a limit of $2500...but that may be for another dealth-related payment.

Okay, it's section 7-1-239. (Page 45 in the blue book)

Great - thanks!

Just briefly, for anyone following this thread:

The customer must be the sole owner of the account and must have died intestate (without a will).

There are particular orders of payment on account up to $10,000 as opposed to account with over $10,000. The bank can only pay funeral homes/medical expenses after 90 days has passed and with itemizations of expenses, etc.

For complete details, review the above section as well as Article 8 pertaining to multiple-party accounts.

For those of you who may be with an S&L or B&L...the reference would be found starting with 7-1-791. The rules for those FI's are different than from banks by a long shot!