Official Code of Georgia Annotated

Title 23. EQUITY · Chapter 2. GROUNDS FOR EQUITABLE RELIEF · Article 5. ADMINISTRATION OF ASSETS GENERALLY

23-2-98. Application of joint and individual assets to debts.

Active

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

Joint assets shall be applied to joint debts, and individual assets to individual debts; but, when the joint assets are exhausted, the joint debts may come upon individual assets, the individual debts, without regard to relative dignity as compared with the joint debts, being first advanced the pro rata amount received on the joint debts from joint assets.

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, § 3085; Code 1868, § 3097; Code 1873, § 3154; Code 1882, § 3154; Civil Code 1895, § 4005; Civil Code 1910, § 4602; Code 1933, § 37-409.

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

Text read from t22-t23-(v19)-2020-pdf.pdf, Volume V19, 2020 edition, page 430; merge action: carried; file SHA-256 b3cf4ff62f2f.