§ 18-2-41 - Right of nonmunicipal corporation to assign for benefit of creditors and prefer creditors - Georgia Statutes

O.C.G.A. 18-2-41 (2010)
18-2-41. Right of nonmunicipal corporation to assign for benefit of creditors and prefer creditors

Any corporation, not municipal, may make an assignment for the benefit of creditors; but no such corporation shall be allowed in such assignment to prefer any creditor or class of creditors, except creditors who have debts entitled to priority by law.