2010 Georgia Code 18-2-59 Case Law
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One Click Case Law for § 18-2-59
O.C.G.A. § 18-2-58 <-- --> O.C.G.A. §18-2-70



2010 Georgia Code

TITLE 18 - DEBTOR AND CREDITOR

CHAPTER 2 - DEBTOR AND CREDITOR RELATIONS
ARTICLE 3 - PREFERENCES AND ASSIGNMENTS FOR BENEFIT OF CREDITORS
§ 18-2-59 - Appointment of new assignees upon death or removal from jurisdiction of courts of state of sole or surviving assignee; authority thereof

O.C.G.A. 18-2-59 (2010)
18-2-59. Appointment of new assignees upon death or removal from jurisdiction of courts of state of sole or surviving assignee; authority thereof


In all cases of assignments for the benefit of creditors, where the sole or surviving assignee has died or moved beyond the jurisdiction of the courts of the state, the superior courts of this state shall have full power and authority, upon the petition of two or more of the parties interested in such assignment and on such notice as the court shall direct, in a summary manner, to appoint a new assignee or assignees in the place of the deceased or nonresident assignee; and the new assignee shall have all the authority and responsibilities of the deceased or nonresident assignee; and all laws or enactments shall be as applicable and in as full force in respect to the new as to the old assignee; and the court may in its discretion require a bond and security of such assignee.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com