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2018 Georgia Code 18-2-53 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)

O.C.G.A. 18-2-53 Case Law from Google Scholar Amendments to OCGA 18-2-53

TITLE 18 DEBTOR AND CREDITOR

Section 2. Debtor and Creditor Relations, 18-2-1 through 18-2-85.

ARTICLE 3 PREFERENCES AND ASSIGNMENTS FOR BENEFIT OF CREDITORS

18-2-53. Duties of assignee generally; payment of preferred debts after filing.

The assignee shall proceed to carry out the duties imposed upon him by the assignment, but he shall not pay any preferred debt until after 60 days from the filing of the assignment in the clerk of the court's office in the county in which the assignment was filed.

(Ga. L. 1894, p. 90, § 11; Civil Code 1895, § 2708; Civil Code 1910, § 3241; Code 1933, § 28-312.)

JUDICIAL DECISIONS

Cited in Burkhalter v. Glennville Bank, 184 Ga. 147, 190 S.E. 644 (1937).

RESEARCH REFERENCES

Am. Jur. 2d.

- 6 Am. Jur. 2d, Assignments for Benefit of Creditors, § 90 et seq.

C.J.S.

- 21 C.J.S., Creditor and Debtor, §§ 14, 50 et seq.

ALR.

- Preference in event of debtor's insolvency in respect of funds designated or set apart by him for payment of specified obligations, 32 A.L.R. 950.

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