Georgia § 12-3-218 Moneys received by association as constituting trust funds; bondholders' lien on funds

Georgia Statutes

§ 12-3-218 — Moneys received by association as constituting trust funds; bondholders' lien on funds

Georgia § 12-3-218

Title12

This text of Georgia § 12-3-218 (Moneys received by association as constituting trust funds; bondholders' lien on funds) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 12-3-218 (2026).

Text

All moneys received pursuant to the authority of this part, whether as proceeds from the sale of bonds or as revenues, tolls, and earnings, shall be deemed trust funds to be held and applied solely as provided in this part. The bondholders paying or entitled to receive the benefit of such funds shall have a lien on all such funds until applied as provided for in any resolution or trust indenture of the association.

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All moneys received pursuant to the authority of this part, whether as proceeds from the sale of bonds or as revenues, tolls, and earnings, shall be deemed trust funds to be held and applied solely as provided in this part. The bondholders paying or entitled to receive the benefit of such funds shall have a lien on all such funds until applied as provided for in any resolution or trust indenture of the association.