O.C.G.A.

O.C.G.A. § 29-3-2 (2019)

Release of debtor when collection doubtful

✓ 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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The natural guardian of a minor who has no conservator may release the debtor and compromise a debt when the collection of the debt is doubtful without becoming the conservator of the minor and without such action being approved by the court if the amount of the debt is $15,000.00 or less.

History

(Code 1981, § 29-3-2, enacted by Ga. L. 2004, p. 161, § 1.)

Annotations

JUDICIAL DECISIONS Editor’s notes. - In light of the similarity of the statutory provisions, decisions under former Code 1882, § 2539, and former Code 1933, § 49-221 are included in the annotations for this Code section. ‘‘Debt’’ means that fixed and specific amount is owing. - Distinguishing characteristic of word debt is that fixed and specific amount is owing and no

future valuation is required to settle it. Campbell v. Atlanta Coach Co., 58 Ga. App. 824, 200 S.E. 203 (1938) (decided under former Code 1933, § 49-221). Cited in Georgia Power Co. v. Davis, 43 Ga. App. 791, 160 S.E. 690 (1931); Macris v. Laughlin Insulation Co., 124 Ga. App. 573, 185 S.E.2d 413 (1971); Hay v. Norfolk S. Ry., 879 F. Supp. 1192 (N.D. Ga. 1994).