Official Code of Georgia Annotated

Title 18. DEBTOR AND CREDITOR · Chapter 2. DEBTOR AND CREDITOR RELATIONS · Article 2. ACTS VOID AS AGAINST CREDITORS

18-2-25. Effect of misrepresentation or private agreement giving preference upon settlement between debtor and creditor.

Active

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

If a debtor misrepresents or suppresses any material fact in the statement of his affairs either as to the amount of his property or of his indebtedness, the composition shall be void. If a debtor privately agrees to give a creditor better security or to pay a creditor more than other creditors, the contract with the others shall be void.

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.

Civil Code 1895, § 2692; Civil Code 1910, § 3221; Code 1933, § 28-107.

History of Section.: This Code section is derived from the decision in Woodruff & Co. v. Saul, 70 Ga. 271 (1883).

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

Text read from t18-t19-(v16)-2022-pdf.pdf, Volume V16, 2022 edition, page 32; merge action: carried; file SHA-256 eddc877da9f2.