---
title: O.C.G.A. § 10-3-1. Transfer of secured note carries security.
collection: code
id: 10-3-1
cite_as: O.C.G.A. § 10-3-1 (2025)
canonical_url: https://georgiacommons.org/code/10-3-1
md_url: https://georgiacommons.org/code/10-3-1.md
text_url: https://georgiacommons.org/code/10-3-1/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t10-(v8)-2024-pdf.pdf?sfvrsn=1992b47e_0#page=633
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/10-3.md
previous: https://georgiacommons.org/code/10-2-54.md
next: https://georgiacommons.org/code/10-3-2.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCE AND TRADE / NOTES AND OTHER EVIDENCES OF DEBT
---

# O.C.G.A. § 10-3-1. Transfer of secured note carries security.

The transfer of notes secured by a mortgage or otherwise conveys to the transferee the benefit of the security. If more than one note is secured and the mortgagee transfers some and retains others, the holder of the transferred notes has a preference over the mortgagee if the security is insufficient to pay all the notes.

## History

Civil Code 1895, § 3684; Civil Code 1910, § 4276; Code 1933, § 14-1802.

## History of Code Section.

This Code section is derived from the decisions in Roberts v. Manfield, 32 Ga. 228 (1861), and Crowder v. Dunbar, 74 Ga. 109 (1884).