Statutes, codes, and regulations
CODE OF GEORGIA
Title 18 - DEBTOR AND CREDITORChapter 2 - DEBTOR AND CREDITOR RELATIONS
Article 2 - ACTS VOID AS AGAINST CREDITORS
Section 18-2-24 - Effect of giving debtor permission to exercise control or use of property as security for any debt

Ga. Code § 18-2-24

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Current through 2023-2024 Legislative Session Chapter 709
Section 18-2-24 - Effect of giving debtor permission to exercise control or use of property as security for any debt

Where any property is conveyed, assigned, or mortgaged as security for any debt and permission is given to the debtor to exercise dominion over or to use the property or the proceeds thereof or any part thereof, the giving of such permission shall not cause the conveyance, assignment, or mortgage to be deemed fraudulent or to create a presumption of fraud as to creditors.

OCGA § 18-2-24