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Georgia Code - Debtor and Creditor - Title 18, Section 18-2-59Legal Research Home > Atlanta Lawyer > Debtor and Creditor > Georgia Code - Debtor and Creditor - Title 18, Section 18-2-59 In all cases of assignments for the benefit of creditors, where the sole or surviving assignee has died or moved beyond the jurisdiction of the courts of the state, the superior courts of this state shall have full power and authority, upon the petition of two or more of the parties interested in such assignment and on such notice as the court shall direct, in a summary manner, to appoint a new assignee or assignees in the place of the deceased or nonresident assignee; and the new assignee shall have all the authority and responsibilities of the deceased or nonresident assignee; and all laws or enactments shall be as applicable and in as full force in respect to the new as to the old assignee; and the court may in its discretion require a bond and security of such assignee. Last modified: May 2, 2006 |