Georgia Statutes
§ 11-9-318 — No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers
Georgia·Title 11
(a)Seller retains no interest. A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold.
(b)Deemed rights of debtor if buyer's security interest unperfected. For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper from, a debtor that has sold an account or chattel paper, while the buyer's security interest is unperfected, the debtor is deemed to have rights and title to the account or chattel paper identical to those the debtor sold.
Free access — add to your briefcase to read the full text and ask questions with AI
Georgia § 11-9-318 (No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Mail Concepts, Inc. v. Foote & Davies, Inc.
409 S.E.2d 567 (Court of Appeals of Georgia, 1991)
Brock v. Douglas Kohoutek, L.P.
483 S.E.2d 342 (Court of Appeals of Georgia, 1997)
CGU Life Insurance v. Singer Asset Finance Co.
553 S.E.2d 8 (Court of Appeals of Georgia, 2001)
Kerr v. Commercial Credit Group, Inc. (In Re Siskey Hauling Co.)
456 B.R. 597 (N.D. Georgia, 2011)
JCS Enterprises, Inc. v. Vanliner Insurance
489 S.E.2d 95 (Court of Appeals of Georgia, 1997)
Presidential Financial Corp. v. Francis A. Bonanno, Inc.
535 S.E.2d 809 (Court of Appeals of Georgia, 2000)
Allstate Financial Corporation v. Dundee Mills, Inc.
800 F.2d 1073 (Eleventh Circuit, 1986)
Fulton County v. American Factors of Nashville, Inc.
551 S.E.2d 781 (Court of Appeals of Georgia, 2001)
Gwinnett Community Bank v. Arlington Capital, LLC
(Court of Appeals of Georgia, 2014)
Legislative History
Added by 2001 Ga. Laws 191, § 1, eff. 7/1/2001.
Nearby Sections
15
§ 11-1-101
Short titles§ 11-1-102
Scope of article§ 11-1-104
Construction against implicit repeal§ 11-1-105
Severability§ 11-1-106
Use of singular and plural; gender§ 11-1-107
Section captions§ 11-1-201
General definitions§ 11-1-202
Notice; knowledge§ 11-1-204
Value§ 11-1-205
Reasonable time; seasonableness§ 11-1-206
Presumptions