GEORGIA CODE (Last Updated: August 20, 2013) |
Title 18. DEBTOR AND CREDITOR |
Chapter 2. DEBTOR AND CREDITOR RELATIONS |
Article 3. PREFERENCES AND ASSIGNMENTS FOR BENEFIT OF CREDITORS |
Section 18-2-44. Deeds of assignment for benefit of creditors -- Property to be conveyed generally; description of property; attachment of list of creditors of assignor
Latest version.
- (a) All assignments referred to in Code Section 18-2-42 shall convey all of the property of every sort which is claimed or owned by the assignor at the time of the execution thereof. Such assignments shall:
(1) Identify any lands owned or any interest in lands;
(2) Identify goods, wares, and merchandise by general words of description, indicating the location, kind, and quality thereof, with a statement as accurate as possible, containing the purchase price and selling price of the lot as a whole; and
(3) Describe in general terms any shares of capital stock, livestock, or personal property which are not connected with any mercantile or manufacturing business.
(b) The assignor shall attach a list of all creditors with their post office addresses and amounts due to each.
Ga. L. 1894, p. 90, § 4; Civil Code 1895, § 2701; Civil Code 1910, § 3234; Code 1933, § 28-305.