Georgia § 11-9-617 - Rights of transferee of collateral.
Full text of Georgia Official Code of Georgia Annotated § 11-9-617 — Rights of transferee of collateral., with citation guidance and answers to common questions.
§ 11-9-617. Rights of transferee of collateral.
Effects of disposition. A secured party's disposition of collateral after default: Transfers to a transferee for value all of the debtor's rights in the collateral; Discharges the security interest under which the disposition is made; and Discharges any subordinate security interest or other subordinate lien. Rights of good faith transferee. A transferee that acts in good faith takes free of the rights and interests described in subsection (a) of this Code section, even if the secured party fails to comply with this article or the requirements of any judicial proceeding. Rights of other transferee. If a transferee does not take free of the rights and interests described in subsection (a) of this Code section, the transferee takes the collateral subject to: The debtor's rights in the collateral; The security interest or agricultural lien under which the disposition is made; and Any other security interest or other lien. (Code 1981, § 11-9-617 , enacted by Ga. L. 2001, p. 362, § 1.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 11-9-617
What does Official Code of Georgia Annotated § 11-9-617 cover?
Section 11-9-617 ("Rights of transferee of collateral.") 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 § 11-9-617?
A common citation format is "Official Code of Georgia Annotated § 11-9-617" (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 § 11-9-617 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.