O.C.G.A.

O.C.G.A. § 18-2-55 (2019)

Nature of actions to set aside assignments generally;

✓ 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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priorities and payment to creditors on judgments rendered after filing of complaint to set aside assignment. No assignment shall be set aside except in a direct action filed for that purpose; and no creditor shall obtain any priority or preference of payment out of the assets assigned on any judgment rendered after the filing of a complaint to set aside the assignment if the assignment is set aside and decreed to be void.

History

Ga. L. 1894, p. 90, § 13; Civil Code

1895, § 2710; Civil Code 1910, § 3243; Code 1933, § 28-314.

Annotations

JUDICIAL DECISIONS Editor’s notes. - In light of the similarity of the statutory provisions, decisions under former Ga. L. 1884-85, p. 100, are included in the annotations for this Code section. Complainants attacking assign-

ment as fraudulent could proceed without first reducing complainants’ claims to judgment. Burns v. Beck, 83 Ga. 471, 10 S.E. 121, 1889 Ga. LEXIS 98 (1889) (decided under former Ga. L. 188485, p. 100, No. 429).

RESEARCH REFERENCES Am. Jur. 2d. 6 Am. Jur. 2d, Assignments for Benefit of Creditors, § 116. C.J.S. 21 C.J.S., Creditor and Debtor, § 78 et seq. 37 C.J.S., Fraudulent Conveyances, § 150 et seq.

ALR. Priority of assignment of chose in action over subsequent garnishment as affected by lack of notice to debtor of assignment, 52 A.L.R. 109.