The assignee shall proceed to carry out the duties imposed upon him by the assignment, but he shall not pay any preferred debt until after 60 days from the filing of the assignment in the clerk of the court's office in the county in which the assignment was filed.
(Ga. L. 1894, p. 90, § 11; Civil Code 1895, § 2708; Civil Code 1910, § 3241; Code 1933, § 28-312.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 6 Am. Jur. 2d, Assignments for Benefit of Creditors, § 90 et seq.
C.J.S.- 21 C.J.S., Creditor and Debtor, §§ 14, 50 et seq.
ALR.
- Preference in event of debtor's insolvency in respect of funds designated or set apart by him for payment of specified obligations, 32 A.L.R. 950.