Effect of giving debtor permission to exercise control or use of property as security for any debt
Known as the Uniform Voidable Transactions Act
The act spans §§ 18-2-1 to 18-2-85 (44 sections).
Ga
Where any property is conveyed, assigned, or mortgaged as security
for any debt and permission is given to the debtor to exercise dominion over or to use the property or the proceeds thereof or any part thereof, the giving of such permission shall not cause the conveyance, assign-
ment, or mortgage to be deemed fraudulent or to create a presumption of fraud as to creditors.
Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.