---
title: O.C.G.A. § 18-2-41. Rights of nonmunicipal corporation.
collection: code
id: 18-2-41
cite_as: O.C.G.A. § 18-2-41 (2025)
canonical_url: https://georgiacommons.org/code/18-2-41
md_url: https://georgiacommons.org/code/18-2-41.md
text_url: https://georgiacommons.org/code/18-2-41/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t18-t19-(v16)-2022-pdf.pdf?sfvrsn=b0848ebd_0#page=38
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/18-2.md
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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: DEBTOR AND CREDITOR / DEBTOR AND CREDITOR RELATIONS / PREFERENCES AND ASSIGNMENTS FOR BENEFIT OF CREDITORS
---

# O.C.G.A. § 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 Code 1910, § 3231; Code 1933, § 28-302.