Official Code of Georgia Annotated

Title 44. PROPERTY · Chapter 5. ACQUISITION AND LOSS OF PROPERTY · Article 4. GIFTS GENERALLY · Part 1. Inter Vivos Gifts

44-5-88. Gifts void against creditors and bona fide purchasers.

Active

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

(a)
An insolvent person may not make a valid gift to the injury of his existing creditors.#
(b)
When partial or complete possession of property remains with the donor, every parol gift thereof shall be void against bona fide creditors and bona fide purchasers without notice.#

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, § 2619; Code 1868, § 2620; Code 1873, § 2662; Code 1882, § 2662; Civil Code 1895, § 3569; Civil Code 1910, § 4149; Code 1933, § 48-110.

Read the official page (the state's PDF, opened at the page this text was read from).

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

Text read from t44-ch1-7-(v31)-2010-pdf.pdf, Volume V31, 2010 edition, page 474; merge action: annotated; file SHA-256 490191d3dc54.