Statutes > Georgia Statutes > TITLE 18 - DEBTOR AND CREDITOR > CHAPTER 2 - DEBTOR AND CREDITOR RELATIONS > ARTICLE 3 - PREFERENCES AND ASSIGNMENTS FOR BENEFIT OF CREDITORS > § 18-2-41 - Right of nonmunicipal corporation to assign for benefit of creditors and prefer creditors

§ 18-2-41 - Right of nonmunicipal corporation to assign for benefit of creditors and prefer creditors

O.C.G.A. 18-2-41 (2010)
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.