---
title: O.C.G.A. § 36-38-20. Authority to compromise bonded debt; rights of dissenting creditors not prejudiced.
collection: code
id: 36-38-20
cite_as: O.C.G.A. § 36-38-20 (2025)
canonical_url: https://georgiacommons.org/code/36-38-20
md_url: https://georgiacommons.org/code/36-38-20.md
text_url: https://georgiacommons.org/code/36-38-20/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t35-t36-ch1-59-(v27)-2025-pdf.pdf?sfvrsn=66569db4_0#page=818
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/36-38.md
previous: https://georgiacommons.org/code/36-38-4.md
next: https://georgiacommons.org/code/36-38-21.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: LOCAL GOVERNMENT / Provisions Applicable to Municipal Corporations Only / BONDS / COMPROMISE OF BONDED DEBT
---

# O.C.G.A. § 36-38-20. Authority to compromise bonded debt; rights of dissenting creditors not prejudiced.

The authorities of any municipal corporation of this state are authorized to compromise their bonded debt, in accordance with this article, provided that this article shall not be construed to prejudice the rights of such creditors as may refuse to assent to the compromise.

## History

Ga. L. 1878-79, p. 85, § 1; Code 1882, § 508m(2); Civil Code 1895, § 758; Civil Code 1910, § 905; Code 1933, § 87-501.