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

18-2-52. Providing and filing of bond by assignee; amount of bond.

Active

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

Upon the request of any three of the creditors of the assignor, the assignee shall make and file a bond with surety, in a sum to be fixed by the judge of the superior court, conditioned for the faithful performance of his trust, which bond shall be made payable to the judge of the probate court of the county and his successors in office, for the benefit of all creditors of the assignor. In no case shall the bond be less than the estimated value of the property assigned.

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, § 10; Civil Code 1895, § 2707; Civil Code 1910, § 3240; Code 1933, § 28-311.

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