O.C.G.A.
O.C.G.A.

O.C.G.A. § 44-14-240 (2019)

Foreclosure before debt due; levy and sale; disposition of proceeds

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
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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All subsequent proceedings respecting the levy and sale of the mortgaged property shall be conducted in the manner prescribed by law; and the money realized from the sale of the property shall be disbursed by the proper officer under the terms and rules prescribed by law, except that the money shall not be paid over to the plaintiff in fi. fa. until the debt secured by the mortgage becomes due.

History

Ga. L. 1882-83, p. 109, § 2; Civil Code

1895, § 2755; Civil Code 1910, § 3288; Code 1933, § 67-1003.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. 69 Am. Jur. 2d, Secured Transactions, § 575.

C.J.S. 14 C.J.S., Chattel Mortgages, §§ 407, 425.