§ 18-2-40. Right of Debtor to Prefer Creditors
A debtor may prefer one creditor over another; and to that end he may rightfully give a lien by mortgage or other legal means, sell in payment of the debt, or transfer choses in action as collateral security, where the surplus in such cases is not reserved for the debtor’s own benefit. History. Orig. Code […]
§ 18-2-41. Rights of Nonmunicipal Corporation
Any corporation, not municipal, may make an assignment for the benefit of creditors; but no such corporation shall be allowed in such assignment to prefer any creditor or class of creditors, except creditors who have debts entitled to priority by law. History. Ga. L. 1894, p. 90, § 1; Civil Code 1895, § 2698; Civil […]
§ 18-2-42. Rights of Persons and Firms
Persons and firms may make assignments and prefer creditors. History. Ga. L. 1894, p. 90, § 2; Civil Code 1895, § 2699; Civil Code 1910, § 3232; Code 1933, § 28-303.
§ 18-2-43. Execution, Filing, and Recording Deeds of Assignment
In all cases the deed of assignment for the benefit of creditors shall be executed, filed, and recorded as provided for deeds in Code Section 44-2-1. History. Ga. L. 1894, p. 90, § 3; Civil Code 1895, § 2700; Civil Code 1910, § 3233; Code 1933, § 28-304.
§ 18-2-44. Property to Be Conveyed Generally; Description of Property; Attachment of List of Creditors of Assignor
All assignments referred to in Code Section 18-2-42 shall convey all of the property of every sort which is claimed or owned by the assignor at the time of the execution thereof. Such assignments shall: Identify any lands owned or any interest in lands; Identify goods, wares, and merchandise by general words of description, indicating […]