13-7-7. Allowance of setoff against original payee in action by holder or transferee of negotiable instrument received under dishonor.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

When suit is brought by a holder or transferee on a negotiable instrument received under dishonor, no setoff shall be allowed against the original payee except such as is in some way connected with the debt sued on or the transaction from which it sprang.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Orig. Code 1863, § 2845; Code 1868, § 2853; Code 1873, § 2904; Code 1882, § 2904; Civil Code 1895, § 3750; Civil Code 1910, § 4344; Code 1933, § 20-1305.

Cross references

Liability of parties to negotiable instruments generally, § 11-3-401 et seq.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t13-(v11)-2010-pdf.pdf, Volume V11, 2010 edition, page 495; merge action: carried; file SHA-256 18573afb153d.

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