2010 Georgia Code
TITLE 10 - COMMERCE AND TRADE
CHAPTER 3 - NOTES AND OTHER EVIDENCES OF DEBT
§ 10-3-1 - Transfer of secured note carries security
. Transfer of secured note carries security
The transfer of notes secured by a mortgage or otherwise conveys to the transferee the benefit of the security. If more than one note is secured and the mortgagee transfers some and retains others, the holder of the transferred notes has a preference over the mortgagee if the security is insufficient to pay all the notes.
Graham Syfert - Jacksonville Lawyer