O.C.G.A.

O.C.G.A. § 23-2-94 (2019)

Compelled election in marshaling assets

✓ 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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In marshaling assets, the court shall look to the equities of the creditors and, where cases arise for election, shall compel the parties to elect.

History

Orig. Code 1863, § 3078; Code 1868, § 3090; Code 1873, § 3147; Code 1882, § 3147; Civil Code 1895,

§ 4002; Civil Code 1910, § 4599; Code 1933, § 37-406.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. - 27 Am. Jur. 2d, Equity, § 55. ALR. - Rule as to marshaling assets as affected by homestead law, 44 A.L.R. 758; 77 A.L.R. 371. Doctrine of marshaling assets where the two funds covered by the paramount lien are subject respectively to subordi-

nate liens in favor of different persons, 106 A.L.R. 1102. Doctrine of marshaling assets where the two funds covered by the paramount lien are subject respectively to subordinate liens in favor of different creditors, 76 A.L.R.3d 326.