Georgia Statutes
§ 18-2-40 — Right of debtor to prefer creditors
Georgia § 18-2-40
JurisdictionGeorgia
Title18
This text of Georgia § 18-2-40 (Right of debtor to prefer creditors) 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. § 18-2-40 (2026).
Text
A debtor may prefer one creditor over another; and to that end he may rightfully give a lien by mortgage or other legal means, sell in payment of the debt, or transfer choses in action as collateral security, where the surplus in such cases is not reserved for the debtor's own benefit.
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Related
Bank of Cave Spring v. Gold Kist, Inc.
327 S.E.2d 800 (Court of Appeals of Georgia, 1985)
Hodge v. Howes
578 S.E.2d 904 (Court of Appeals of Georgia, 2003)
Coleman v. J & B Enterprises, Inc. (In Re Veterans Choice Mortgage)
291 B.R. 894 (S.D. Georgia, 2003)
Tindall v. H & S HOMES, LLC
757 F. Supp. 2d 1339 (M.D. Georgia, 2011)
Ragsdale v. Bank South, N.A. (In Re Whitacre Sunbelt, Inc.)
206 B.R. 1010 (N.D. Georgia, 1997)
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Georgia § 18-2-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/18-2-40.