Statutes > Georgia Statutes > TITLE 52 - WATERS OF THE STATE, PORTS, AND WATERCRAFT > CHAPTER 7 - REGISTRATION, OPERATION, AND SALE OF WATERCRAFT > ARTICLE 3 - ABANDONED VESSELS > § 52-7-75 - Public sale of vessel; disposition of excess proceeds

§ 52-7-75 - Public sale of vessel; disposition of excess proceeds

O.C.G.A. 52-7-75 (2010)
52-7-75. Public sale of vessel; disposition of excess proceeds


(a) Upon order of the court, the person holding the lien on the abandoned vessel shall be authorized to sell such vessel at public sale, as defined by Code Section 11-1-201.

(b) After satisfaction of the lien, the person selling such vessel shall turn the remaining proceeds of such sale, if any, over to the clerk of the court.