State Codes and Statutes

Statutes > Georgia > Title-18 > Chapter-2 > Article-3 > 18-2-41

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.

State Codes and Statutes

Statutes > Georgia > Title-18 > Chapter-2 > Article-3 > 18-2-41

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.