O.C.G.A.
O.C.G.A. § 18-2-23 (2019)
[Reserved] Validity of conveyance to innocent subsequent purchaser
✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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History
Civil Code 1895, § 2696; Civil Code 1910, § 3225; Code 1933, § 28-202; repealed by Ga. L. 2002, p. 141, § 2, effective July 1, 2002.
Annotations
Editor’s notes. Ga. L. 2002, p. 141, § 2 repealed and reserved this Code section, effective July 1, 2002.
Notes of Decisions
Cited in 3
cases, 1986–1993 · leading case: Fed. Deposit Ins. Corp. v. United States, 654 F. Supp. 794 (N.D. Ga. 1986).
Fed. Deposit Ins. Corp. v. United States, 654 F. Supp. 794 (N.D. Ga. 1986). “Georgia’s innocent subsequent purchaser statute codified as O.C.G.A. § 18-2-23 provides: Where a sale void as against creditors is made, the property has not been seized, and no step has been taken to set the sale aside, the fraudulent vendee can convey to an innocent purchaser…”
Dime Sav. Bank of New York, FSB v. Sandy Springs Assocs., Inc., 405 S.E.2d 491 (Ga. 1991). “” OCGA § 18-2-23. Dime contends that it is entitled to priority as a bona fide purchaser; Sandy Springs argues that the good faith purchaser issue is not dispositive.”
Hall v. Hidy, 435 S.E.2d 215 (Ga. 1993). “A bona fide transfer by a debtor for “valuable consideration, where the taking party is without notice or ground for reasonable suspicion of [the debtor’s intent to defraud creditors] shall be valid.”
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