If a debtor misrepresents or suppresses any material fact in the statement of his affairs either as to the amount of his property or of his indebtedness, the composition shall be void. If a debtor privately agrees to give a creditor better security or to pay a creditor more than other creditors, the contract with the others shall be void.
O.C.G.A. § 18-2-25
Effect of misrepresentation or private agreement giving preference upon settlement between debtor and creditor
Known as the Uniform Voidable Transactions Act
The act spans §§ 18–18 (44 sections).
decision in Woodruff & Co. v
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.