Georgia § 12-3-317 - Lease payments by authority as constituting good, valuable, and sufficient consideration.
Full text of Georgia Official Code of Georgia Annotated § 12-3-317 — Lease payments by authority as constituting good, valuable, and sufficient consideration., with citation guidance and answers to common questions.
§ 12-3-317. Lease payments by authority as constituting good, valuable, and sufficient consideration.
It is found, determined, and declared that the consideration paid and given and to be paid and given to the State of Georgia by the authority for its leasehold, and privileges thereunder, is good and valuable and sufficient consideration therefor and that this action on the part of the authority and the state is in the interest of the public welfare of the State of Georgia and its citizens. (Ga. L. 1962, p. 736, § 6.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 12-3-317
What does Official Code of Georgia Annotated § 12-3-317 cover?
Section 12-3-317 ("Lease payments by authority as constituting good, valuable, and sufficient consideration.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 12-3-317?
A common citation format is "Official Code of Georgia Annotated § 12-3-317" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 12-3-317 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.