O.C.G.A.

O.C.G.A. § 44-14-46 (2019)

When mortgage fi. fa. may claim proceeds of sale

✓ 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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If other writs of fieri facias are levied on mortgaged property and the property is sold, the mortgage fi. fa. may nevertheless claim the proceeds of the sale if its lien is superior.

History

Orig. Code 1863, § 3877; Code 1868, § 3897; Code 1873, § 3973; Code 1882,

§ 3973; Civil Code 1895, § 2758; Civil Code 1910, § 3291; Code 1933, § 67-120.

Annotations

RESEARCH REFERENCES ALR. Validity of chattel mortgage where mortgagor is given right to sell, 73 A.L.R. 236. Personal liability to mortgagor, as distinguished from mortgagee, of vendee of

mortgaged premises who does not in term assume or agree to pay mortgage, 111 A.L.R. 1114. Extent of exemption of proceeds of voluntary sale of homestead as affected by lien or encumbrance, 161 A.L.R. 1256.