Official Code of Georgia Annotated

Title 18. DEBTOR AND CREDITOR · Chapter 2. DEBTOR AND CREDITOR RELATIONS · Article 3. PREFERENCES AND ASSIGNMENTS FOR BENEFIT OF CREDITORS

18-2-41. Rights of nonmunicipal corporation.

Active

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

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.

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.

Ga. L. 1894, p. 90, § 1; Civil Code 1895, § 2698; Civil Code 1910, § 3231; Code 1933, § 28-302.

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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 38; merge action: carried; file SHA-256 eddc877da9f2.