GA 40-3-31 - GA 40-3-31

JUDICIAL DECISIONS Acquisition of title through fraud or mistake. - When the pawnbroker could have perfected a lien long before the expiration of six months after even the second replacement title was issued, this would have been a reasonable step to prevent the fraud perpetrated upon the defendants; therefore, the pawnbroker was not an innocent party pursuant to O.C.G.A. § 40-3-31(4) . Cobb Ctr. Pawn & Jewelry Brokers, Inc. v. Gordon, 242 Ga. App. 73 , 529 S.E.2d 138 (2000). Clerical error. - Trial court erred in concluding that the security interest holder had a valid, perfected security interest that the court could enforce against the car buyer regarding the car purchased, based on O.C.G.A. § 40-3-31(4) , as that statutory section pertained to lost, stolen, mutilated, or destroyed ...