Ga. Code § 18-2-40

Current through 2023-2024 Legislative Session Chapters 1-597, 604, 609, 612, 696, 697

Section 18-2-40 - Right of debtor to prefer creditors

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.