Georgia Code § 18-2-41 - Right of Nonmunicipal Corporation to Assign for Benefit of Creditors and Prefer Creditors

Any corporation, not municipal, may make an assignment for the benefit of creditors; but no such corporation shall be allowed in such assignment to prefer any creditor or class of creditors, except creditors who have debts entitled to priority by law.

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Last modified: October 14, 2016