Syfert Injury Law Firm

Your Trusted Partner in Personal Injury & Workers' Compensation

Call Now: 904-383-7448

2018 Georgia Code 44-14-324 | Car Wreck Lawyer

TITLE 44 PROPERTY

Section 14. Mortgages, Conveyances to Secure Debt, and Liens, 44-14-1 through 44-14-613.

ARTICLE 8 LIENS

44-14-324. Assignment of liens; rights of assignee.

Except as otherwise provided by law, assignments of all liens shall be in writing. Under an assignment, the assignee shall have all the rights of the assignor as provided by law.

(Ga. L. 1873, p. 42, § 21; Code 1873, § 1996; Code 1882, § 1996; Civil Code 1895, § 2822; Civil Code 1910, § 3372; Code 1933, § 67-1705.)

JUDICIAL DECISIONS

O.C.G.A. § 44-14-324 applies to mortgages. Planter's Bank v. Prater, 64 Ga. 609 (1880); National Bank v. Exchange Bank, 110 Ga. 692, 36 S.E. 265 (1900).

One not payee must have written assignment to foreclose.

- Where a promissory note and mortgage upon personal property are combined together in one instrument, one who is not the payee named in the paper cannot foreclose the mortgage in that person's own name as holder and owner thereof without having a written assignment of the same. Nicholson v. Harris, 90 Ga. 257, 16 S.E. 84 (1892).

Landlord's lien may be assigned in writing whether the contract between landlord and tenant written or not. I. M. Scott & Co. v. Ward, 21 Ga. App. 535, 94 S.E. 863 (1918).

Warehouseman's attempted pledge of other's property will not constitute assignment.

- An attempt by a warehouseman to pledge property of another in the warehouseman's possession by means of warehouse receipts will not constitute a transfer of liens thereon. National Exch. Bank v. Graniteville Mfg. Co., 79 Ga. 22, 3 S.E. 411 (1887).

Cited in Taylor v. Blasingame, 73 Ga. 111 (1884); Logue v. Walker, 141 Ga. 644, 81 S.E. 849 (1914); Postell v. Val-Lite Corp., 78 Ga. App. 199, 51 S.E.2d 63 (1948).

RESEARCH REFERENCES

Am. Jur. 2d.

- 6 Am. Jur. 2d, Assignments, § 50.

C.J.S.

- 53 C.J.S., Liens, § 15.

ALR.

- Subrogation to prior lien of one who advances money to discharge it and takes new mortgage, as against intervening lien, 70 A.L.R. 1396.

No results found for Georgia Code 44-14-324.