Every creditor or other person advancing money upon the pledge of a certificate of stock or other scrip representing an ownership or interest in corporations in Georgia shall have such an irrevocable interest in such certificate of stock or other scrip as not to be affected by the death, insanity, or legal disability thereafter of the person in whose name such stock or other scrip stands upon the books of any corporation in Georgia; but such pledgee or holder of such stock or scrip assigned in blank, coupled with the power of attorney, shall have the same right after the death, insanity, or legal disability of the person in whose name the stock stands upon the books of the corporation as before the death, insanity, or legal disability of such person.
History. Ga. L. 1894, p. 44, § 1; Civil Code 1895, § 3003; Civil Code 1910, § 3575; Code 1933, § 4-214.
Law reviews.
For note discussing revocation of proxy upon maker’s incapacity, see 17 Ga. St. B. J. 88 (1980).
Structure Georgia Code
Article 2 - Relations Between Principal and Agent
§ 10-6-20. Rights Under Agency for Illegal Purpose
§ 10-6-22. Diligence Required of Agent
§ 10-6-23. Agent May Follow Instructions From One of Several Principals
§ 10-6-24. Agent Not to Buy or Sell for Himself
§ 10-6-25. Agent Must Account for Profit From Principal’s Property
§ 10-6-26. Estoppel of Agent to Dispute Principal’s Title
§ 10-6-27. Right of Principal to Follow Money Deposited by Agent
§ 10-6-28. When Agent Depositing Principal’s Money Not Liable for Bank Failure
§ 10-6-29. Mingling Goods of Principal and Agent
§ 10-6-30. Agents and Fiduciaries to Keep Accounts; Effect of Neglect
§ 10-6-31. When Agent Entitled to Commission and Expenses
§ 10-6-32. Owner’s Right to Sell Property Placed With Broker; Broker’s Right to Commissions
§ 10-6-33. Revocation of Agency — When and How Done; Damages for Unreasonable Revocation
§ 10-6-39. Liability of Principal for Injuries by Other Agents