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Georgia Code - Debtor and Creditor - Title 18, Section 18-2-40

Legal Research Home > Atlanta Lawyer > Debtor and Creditor > Georgia Code - Debtor and Creditor - Title 18, Section 18-2-40

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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.

Last modified: May 3, 2006