Any corporation, not municipal, may make an assignment for the benefit of creditors; but no such corporation shall be allowed in such assignment to prefer any creditor or class of creditors, except creditors who have debts entitled to priority by law.
History. Ga. L. 1894, p. 90, § 1; Civil Code 1895, § 2698; Civil Code 1910, § 3231; Code 1933, § 28-302.
Structure Georgia Code
Title 18 - Debtor and Creditor
Chapter 2 - Debtor and Creditor Relations
Article 3 - Preferences and Assignments for Benefit of Creditors
§ 18-2-40. Right of Debtor to Prefer Creditors
§ 18-2-41. Rights of Nonmunicipal Corporation
§ 18-2-42. Rights of Persons and Firms
§ 18-2-43. Execution, Filing, and Recording Deeds of Assignment
§ 18-2-45. Conveyances; Statements as to Aggregate Amounts
§ 18-2-46. Annexation of Affidavit to Deed of Assignment; Contents of Affidavit
§ 18-2-48. List to Remain on File Ten Days
§ 18-2-49. Correcting of Mistake in List of Assets or Creditors
§ 18-2-51. Foreign Assignments to Conform With Georgia Law
§ 18-2-52. Providing and Filing of Bond by Assignee; Amount of Bond
§ 18-2-53. Duties of Assignee Generally; Payment of Preferred Debts After Filing
§ 18-2-54. Powers and Rights of Assignee
§ 18-2-56. Parties to Actions to Set Aside Assignments
§ 18-2-57. Proof Required in Rendering an Assignment Void
§ 18-2-58. Judgment Not Required Before Action Against Assignor or Assignee