Upon the request of any three of the creditors of the assignor, the assignee shall make and file a bond with surety, in a sum to be fixed by the judge of the superior court, conditioned for the faithful performance of his trust, which bond shall be made payable to the judge of the probate court of the county and his successors in office, for the benefit of all creditors of the assignor. In no case shall the bond be less than the estimated value of the property assigned.
History. Ga. L. 1894, p. 90, § 10; Civil Code 1895, § 2707; Civil Code 1910, § 3240; Code 1933, § 28-311.
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