GEORGIA CODE (Last Updated: August 20, 2013) |
Title 44. PROPERTY |
Chapter 14. MORTGAGES, CONVEYANCES TO SECURE DEBT, AND LIENS |
Article 5. TRUST DEEDS |
Section 44-14-126. Debt due in installments; treatment of surplus
Latest version.
- If the deed is given to secure debts due by installments and is enforced before any one of the installments falls due and there is a surplus of funds as stated in Code Section 44-14-125, the court may retain the funds or order them to be invested to meet the unpaid installments.
Ga. L. 1896, p. 76, § 7; Civil Code 1910, § 3317; Code 1933, § 67-1207.