O.C.G.A.

O.C.G.A. § 44-12-23 (2019)

Assignment of a fund

✓ 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.

Find cases: SyfertCases citing this section GA-LEGlegis.ga.gov (official) JustiaJustia CornellLII Search CasesGoogle Scholar

A fund may be assigned in writing. The written acceptance of a draft will be treated as an assignment pro tanto of funds of the drawer in the hands of the acceptor.

History

Civil Code 1895, § 3078; Civil Code 1910, § 3654; Code 1933, § 85-1804. History of Section. This Code section is derived from the

decisions in Baer v. English & Co., 84 Ga. 403, 11 S.E. 453 (1890) and Jones v. Glover, 93 Ga. 484, 21 S.E. 50 (1893).

Annotations

JUDICIAL DECISIONS O.C.G.A. § 44-12-23 applies solely to sureties. Davis v. Perkins, 178 Ga. 195, 172 S.E. 562, 1934 Ga. LEXIS 8 (1934).

RESEARCH REFERENCES Am. Jur. 2d. 6 Am. Jur. 2d, Assignments, §§ 51-54. C.J.S. 6A C.J.S., Assignments, § 19. ALR. Priority as between one who redelivers papers or securities not transferable by endorsement or delivery to pledgor or assignee and a bona fide purchaser from the latter, 37 A.L.R. 1540.

Enforceability in equity of assignment of part of a debt without the debtor’s consent, 80 A.L.R. 413. Meaning and scope of covenant in assignment of claim as regards legality or quality of claim, 91 A.L.R. 548. Assignability of claim for tax refund, and rights of assignee in respect thereof, 134 A.L.R. 1202.