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GA HB1079

Bill

Official Source

Status

Introduced

2/21/2012

Primary Sponsor

Mack Jackson

Click for details

Origin

House of Representatives

2011-2012 Regular Session

AI Summary

  • Amends Georgia's Uniform Fraudulent Transfers Act (Article 4, Chapter 2, Title 18 of the Official Code of Georgia) by adding new Code section 18-2-81
  • Charitable contributions made to a qualified 501(c)(3) organization shall not be deemed fraudulent transfers and shall not be subject to avoidance, attachment, recapture, or other relief, provided the organization received the contribution in good faith
  • Defines "good faith" as receipt of a charitable contribution under circumstances where the receiving organization had no knowledge that the transfer was made fraudulently
  • Defines "charitable organization" as any religious, benevolent, philanthropic, patriotic, or eleemosynary organization qualified under Section 501(c)(3) of the Internal Revenue Code of 1986
  • Sponsored by Representatives Neal of the 1st and Jackson of the 142nd districts

Legislative Description

Uniform Fraudulent Transfer Act; charitable contributions made shall not be deemed fraudulent when received in good faith; provide

Last Action

House Second Readers

2/22/2012

Committee Referrals

Judiciary2/21/2012

Full Bill Text

No bill text available