When suit is brought by a holder or transferee on a negotiable instrument received under dishonor, no setoff shall be allowed against the original payee except such as is in some way connected with the debt sued on or the transaction from which it sprang.
History. Orig. Code 1863, § 2845; Code 1868, § 2853; Code 1873, § 2904; Code 1882, § 2904; Civil Code 1895, § 3750; Civil Code 1910, § 4344; Code 1933, § 20-1305.
Cross references.
Liability of parties to negotiable instruments generally, § 11-3-401 et seq.
Structure Georgia Code
Chapter 7 - Setoff and Recoupment
§ 13-7-1. Nature of Setoff Generally
§ 13-7-2. Nature of Recoupment Generally
§ 13-7-3. Setoff and Recoupment Distinguished
§ 13-7-4. Limitations as to Claims or Demands for Setoff Generally
§ 13-7-5. Setoff of Demands Between Parties to Suits
§ 13-7-6. Setoff of Claims or Demands Against Beneficiaries of Suits
§ 13-7-8. Allowance of Setoff of Debt of Testator or Intestate Against Representative of Estate
§ 13-7-10. Allowance of Setoff of Value of Improvements Against Claim for Mesne Profits
§ 13-7-11. Allowance of Setoff of Debt Not Due Against Claim of Nonresident or Insolvent Plaintiff
§ 13-7-12. Grounds for Allowance of Recoupment Generally
§ 13-7-14. Effect of Conflict Between This Chapter and Chapter 11 of Title 9