Georgia Senate
SB 127 - Motor Vehicles, Trailers - security interests

Sponsor and CoSponsors
Thompson, Steve
Links / Committees / Status
Summary / Full Text SC: SJudy HC:
F/R: 01/23/95 L/A: 01/23/95 S - Read 1st time
Titles Amended:
Bill List Legislation List Secretary's Page

First Reader Summary

A bill to amend Article 3 of Chapter 3 of Title 40 of the Official Code of Georgia Annotated, relating to security interests in and liens on motor vehicles, so as to provide that in the case of a motor vehicle or trailer, a transaction shall not create a sales or security interest because it provides that the rental price is permitted or required to be adjusted under the agreement by reference to the amount realized upon sale or other disposition of the motor vehicle or trailer.

Actions Taken

               SENATE                         HOUSE 
               -------------------------------------
             1/23/95   Read 1st time                        

Code Sections

Code Sections amended:


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Frank Eldridge, Jr., Secretary of the Senate
Last Updated on 01/08/97