 |
GEORGIA CODE (Last Updated: August 20, 2013) |
 |
Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS |
|
|
Chapter 2. BUSINESS CORPORATIONS |
| Article 1. GENERAL PROVISIONS |
| Article 2. INCORPORATION |
| Article 3. PURPOSES AND POWERS |
| Article 4. NAME |
| Article 5. OFFICE AND AGENT |
| Article 6. SHARES AND DISTRIBUTIONS |
| Article 7. SHAREHOLDERS |
| Article 8. DIRECTORS AND OFFICERS |
| Article 9. CLOSE CORPORATIONS |
| Article 10. AMENDMENT OF ARTICLES OF INCORPORATION AND BYLAWS |
| Article 11. MERGER AND SHARE EXCHANGE |
| Article 12. SALE OF ASSETS |
| Article 13. DISSENTERS' RIGHTS |
| Article 14. DISSOLUTION |
| Article 15. FOREIGN CORPORATIONS |
| Article 16. RECORDS AND REPORTS |
| Article 17. TRANSITION PROVISIONS |
REFS & ANNOS
TITLE 14 Chapter 2 NOTE
EDITOR'S NOTES. --Ga. L. 1988, p. 1070, § 1, effective July 1, 1989, repealed the Code sections formerly codified as this chapter and enacted the current chapter. The former chapter consisted of Code Sections 14-2-1 through 14-2-7 (Article 1), 14-2-20 through 14-2-23 (Article 2), 14-2-40 through 14-2-43 (Article 3), 14-2-60 through 14-2-63 (Article 4), 14-2-80 through 14-2-98 (Article 5), 14-2-110 through 14-2-123 (Article 6), 14-2-140 through 14-2-156 (Article 7), 14-2-170 through 14-2-177 (Article 8), 14-2-190 through 14-2-196 (Article 9), 14-2-210 through 14-2-218 (Article 10), 14-2-230 through 14-2-231 (Article 11), 14-2-250 through 14-2-251 (Article 12), 14-2-270 through 14-2-295 (Article 13), 14-2-310 through 14-2-331 (Article 14), 14-2-350 through 14-2-351 (Article 15), 14-2-370 through 14-2-373 (Article 16), 14-2-390 through 14-2-393 (Article 17), and 14-2-410 through 14-2-411 (Article 18), and was based on Ga. L. 1968, p. 565; Ga. L. 1969, p. 152; Ga. L. 1970, p. 195; Ga. L. 1970, p. 243; Ga. L. 1970, p. 605; Ga. L. 1972, p. 433; Ga. L. 1973, p. 833; Ga. L. 1975, p. 778; Ga. L. 1976, p. 1102; Ga. L. 1976, p. 1576; Ga. L. 1977, p. 324; Ga. L. 1977, p. 649; Ga. L. 1977, p. 1098; Ga. L. 1979, p. 435; Ga. L. 1980, p. 603; Ga. L. 1980, p. 623; Ga. L. 1980, p. 715; Ga. L. 1980, p. 1188; Ga. L. 1981, Ex. Sess., p. 8 (Code enactment Act) and Ga. L. 1982, p. 3, Ga. L. 1982, p. 156, Ga. L. 1982, p. 694, Ga. L. 1982, p. 886, Ga. L. 1983, p. 3, Ga. L. 1983, p. 1299, Ga. L. 1983, p. 1479, Ga. L. 1984, p. 22, Ga. L. 1984, p. 514, Ga. L. 1984, p. 1319, Ga. L. 1985, p. 527, Ga. L. 1985, p. 1281, Ga. L. 1985, p. 1302, Ga. L. 1986, p. 10, Ga. L. 1986, p. 1454, Ga. L. 1987, p. 537, Ga. L. 1987, p. 849, Ga. L. 1987, p. 1448.
Table of Comparable Provisions for Chapter 2 of Title 14
This table lists each Code section in the former Business Corporation Code, Ga. L. 1968, p. 565, as amended, and comparable provisions of the new Business Corporation Code, Ga. L. 1988, p. 1070. It is intended to assist the user, who is familiar with the former chapter, to find comparable new provisions. Table entries do not indicate that the former provision was reenacted without change in the new chapter, only that the comparable new provision pertains to the same subject. Absence of a comparable new provision in the table may mean only that there was no new provision similar enough for inclusion in this table, not that the subject is no longer covered.
OLD NEW
--- ---
14-2-1 14-2-101
14-2-2 14-2-140, 14-2-723
14-2-3 14-2-1701
14-2-4 14-2-120, 14-2-1408
14-2-5 14-2-120, 14-2-123,
14-2-124, 14-2-125
14-2-6 14-2-127, 14-2-128
14-2-7 14-2-102
14-2-20 14-2-301
14-2-21 14-2-302
14-2-22 14-2-304
14-2-23 14-2-204
14-2-40 14-2-401
14-2-41 14-2-402
14-2-42 14-2-403
14-2-43 14-2-403
14-2-60 14-2-501
14-2-61 14-2-502, 14-2-503
14-2-62 14-2-504
14-2-63 14-2-510
14-2-80 14-2-601
14-2-81 14-2-602
14-2-82 --
14-2-83 14-2-620
14-2-84 14-2-621, 14-2-623
14-2-85 14-2-621, 14-2-628
14-2-86 14-2-624
14-2-87 14-2-150, 14-2-625,
14-2-626
14-2-88 14-2-604
14-2-89 --
14-2-90 14-2-623, 14-2-640
14-2-91 14-2-640
14-2-92 14-2-631, 14-2-640
14-2-93 --
14-2-94 14-2-631
14-2-95 --
14-2-96 --
14-2-97 --
14-2-98 14-2-641
14-2-110 14-2-622
14-2-111 14-2-630
14-2-112 14-2-701, 14-2-702,
14-2-703, 14-2-704
14-2-113 14-2-141, 14-2-705,
14-2-706, 14-2-823
14-2-114 14-2-705, 14-2-707
14-2-115 14-2-720, 14-2-724
14-2-116 14-2-725, 14-2-727,
14-2-1021
14-2-117 14-2-721, 14-2-724,
14-2-728
14-2-118 14-2-727, 14-2-1021
14-2-119 14-2-722, 14-2-724,
14-2-728
14-2-120 14-2-731, 14-2-920
14-2-121 14-2-730
14-2-122 14-2-1601, 14-2-1602,
14-2-1604, 14-2-1620
14-2-123 14-2-740, 14-2-741,
14-2-742, 14-2-745, 14-2-746
14-2-140 14-2-801, 14-2-802,
14-2-811
14-2-141 14-2-803, 14-2-804,
14-2-805
14-2-142 14-2-940
14-2-143 14-2-806
14-2-144 14-2-805, 14-2-807,
14-2-810
14-2-145 14-2-808
14-2-146 14-2-820, 14-2-824,
14-2-1022
14-2-147 14-2-825
14-2-148 14-2-820, 14-2-822,
14-2-823
14-2-149 14-2-821
14-2-150 14-2-840
14-2-151 14-2-844
14-2-152 14-2-842
14-2-152.1 14-2-842
14-2-153 14-2-831
14-2-154 14-2-640, 14-2-824
14-2-155 14-2-861, 14-2-862,
14-2-863
14-2-156 14-2-851, 14-2-852,
14-2-855, 14-2-856,
14-2-858, 14-2-859,
14-2-1621
14-2-170 14-2-201
14-2-171 14-2-202, 14-2-203
14-2-172 14-2-201.1
14-2-173 14-2-203
14-2-174 --
14-2-175 14-2-205
14-2-176 14-2-206, 14-2-1022
14-2-177 14-2-207, 14-2-303
14-2-190 14-2-1001
14-2-191 14-2-1002, 14-2-1003,
14-2-1005
14-2-192 14-2-1004
14-2-193 14-2-1006
14-2-194 14-2-1006, 14-2-1006.1
14-2-195 14-2-1009
14-2-196 14-2-1007
14-2-197 14-2-1008
14-2-210 14-2-1101
14-2-211 14-2-1101
14-2-212 14-2-1103
14-2-213 14-2-1105, 14-2-1105.1
14-2-214 14-2-1104
14-2-215 14-2-1108
14-2-216 14-2-1105, 14-2-1106
14-2-217 14-2-1107
14-2-218 14-2-1109
14-2-230 14-2-1201
14-2-231 14-2-1202
14-2-232 14-2-1110
14-2-233 14-2-1111
14-2-234 14-2-1112
14-2-235 14-2-1113
14-2-236 14-2-1131
14-2-237 14-2-1132
14-2-238 14-2-1133
14-2-250 14-2-1302, 14-2-1303
14-2-251 14-2-1301, 14-2-1320,
14-2-1321, 14-2-1322,
14-2-1323, 14-2-1325,
14-2-1326, 14-2-1327,
14-2-1330, 14-2-1331
14-2-270 14-2-1401
14-2-271 --
14-2-272 14-2-1402
14-2-273 14-2-1402, 14-2-1403
14-2-274 14-2-1403
14-2-275 14-2-1405
14-2-276 14-2-1403.1, 14-2-1405,
14-2-1406
14-2-277 14-2-1404
14-2-278 14-2-1404
14-2-279 14-2-1404
14-2-280 14-2-1404
14-2-281 14-2-1408
14-2-282 14-2-1408
14-2-283 14-2-1420, 14-2-1421,
14-2-1422
14-2-284 14-2-1430, 14-2-1431
14-2-285 14-2-940, 14-2-1430,
14-2-1431
14-2-286 14-2-1432
14-2-287 14-2-1432
14-2-288 14-2-1406
14-2-289 14-2-1432
14-2-290 14-2-1433
14-2-291 14-2-1433
14-2-292 14-2-1406, 14-2-1408,
14-2-1440
14-2-293 14-2-1405, 14-2-1406,
14-2-1407, 14-2-1408
14-2-294 14-2-1409
14-2-295 14-2-1409
14-2-310 14-2-1501
14-2-311 14-2-1505
14-2-312 14-2-1506
14-2-313 14-2-1504
14-2-314 14-2-1503
14-2-315 14-2-1503
14-2-316 14-2-1505
14-2-317 14-2-1507
14-2-318 14-2-1508, 14-2-1509
14-2-319 14-2-1510, 14-2-1520
14-2-320 14-2-1504
14-2-321 14-2-1504
14-2-322 14-2-1504
14-2-323 14-2-1520
14-2-324 14-2-1520
14-2-325 14-2-1530
14-2-326 14-2-1530, 14-2-1531
14-2-327 14-2-1531
14-2-328 14-2-1531
14-2-329 14-2-1702
14-2-330 14-2-1540
14-2-331 14-2-1502
14-2-350 14-2-1622
14-2-351 14-2-1622
14-2-370 14-2-122
14-2-371 14-2-122
14-2-372 14-2-122
14-2-373 --
14-2-390 14-2-121, 14-2-130
14-2-391 --
14-2-392 --
14-2-393 14-2-126, 14-2-1532
14-2-394 --
14-2-410 --
14-2-411 14-2-129
14-5-2 14-2-301
LAW REVIEWS. --For article discussing liability of corporate directors, officers, and shareholders under the Georgia Business Corporation Code, as affected by provisions of the Georgia Civil Practice Act, see 7 Ga. St. B.J. 277 (1971). For annual survey on business associations, see 35 Mercer L. Rev. 37 (1983). For annual survey on business associations, see 36 Mercer L. Rev. 91 (1984). For article, "Maintaining the Corporation as a Separate Entity," see 23 Ga. St. B.J. 36 (1986). For annual survey of law of business associations, see 38 Mercer L. Rev. 57 (1986). For annual survey of cases concerning business associations, see 39 Mercer L. Rev. 53 (1987). For article, "Changes in Corporate Practice under Georgia's New Business Corporation Code," see 40 Mercer L. Rev. 655 (1989). For article, "Georgia's New Business Corporation Code," see 24 Ga. St. B.J. 158 (1988). For annual survey of law of business associations, see 40 Mercer L. Rev. 61 (1988). For survey article on business associations, see 42 Mercer L. Rev. 71 (1990). For article, "Some Distinctive Features of the Georgia Business Corporation Code," 28 Ga. St. B.J. 101 (1991). For article, "The Development of the Shareholder's Direct Action Damage Remedy," see 28 Ga. St. B.J. 195 (1992). For annual survey of law of business associations, see 43 Mercer L. Rev. 85 (1991). For annual survey article on business associations, see 45 Mercer L. Rev. 53 (1993). For article discussing developments in law of business associations from June 1, 1996 through May 31, 1997, see 49 Mercer L. Rev. 71 (1997). For annual survey article on business associations, see 50 Mercer L. Rev. 171 (1998). For survey article discussing developments in law of business associations for the period from June 1, 1998 through May 31, 1999, see 51 Mercer L. Rev. 127 (1999). For survey article discussing developments in law of business associations for the period from June 1, 1999 through May 31, 2000, see 52 Mercer L. Rev. 95 (2000). For survey article on cases in the areas of corporate, securities, partnership, and banking law for the period from June 1, 2002 through May 31, 2003, see 55 Mercer L. Rev. 55 (2003). For article, "2006 Amendments to Georgia's Corporate Code and Alternative Entity Statutes," see 12 Ga. St. B.J. 12 (2007).
For note on 1993 amendment of this chapter, see 10 Ga. St. U.L. Rev. 74 (1993). For note on 1999 amendments to sections in this chapter, see 16 Ga. St. U.L. Rev. 27 (1999).
For comment, "An Empirical Study of Defective Incorporation," see 39 Emory L.J. 523 (1990).
COMMENT
CODE REVISION COMMISSION NOTE ON COMMENTS
The comments appearing in this chapter have been prepared under the supervision of the Georgia Corporation Code Revision Committee of the Corporate and Banking Law Section of the State Bar of Georgia and are included in the Official Code of Georgia Annotated at the request of the committee. Neither the General Assembly of Georgia nor the Code Revision Commission of the State of Georgia has participated in the drafting of these comments or has reviewed the comments for their content. The comments should not be considered to constitute a statement of legislative intention by the General Assembly of Georgia nor do they have the force of statutory law.
COMMENT
NOTE AS TO DRAFTING COMMITTEE
The Georgia Business Corporation Code was completely recodified by an Act (Ga. L. 1988, p. 1070) that was based on a draft proposed by the Georgia Business Corporation Code Revision Committee of the Section of Corporate and Banking Law of the State Bar of Georgia composed of the following:
George L. Cohen, Chairman
William J. Carney, Reporter, Professor, Emory University Law School
Elliott Goldstein, Special Consultant
Thomas C. Herman, Secretary
W. Hale Barrett
Table of Comparable Provisions for Chapter 2 of Title 14
This table lists each Code section in the former Business Corporation Code, Ga. L. 1968, p. 565, as amended, and comparable provisions of the new Business Corporation Code, Ga. L. 1988, p. 1070. It is intended to assist the user, who is familiar with the former chapter, to find comparable new provisions. Table entries do not indicate that the former provision was reenacted without change in the new chapter, only that the comparable new provision pertains to the same subject. Absence of a comparable new provision in the table may mean only that there was no new provision similar enough for inclusion in this table, not that the subject is no longer covered.
OLD NEW
--- ---
14-2-1 14-2-101
14-2-2 14-2-140, 14-2-723
14-2-3 14-2-1701
14-2-4 14-2-120, 14-2-1408
14-2-5 14-2-120, 14-2-123,
14-2-124, 14-2-125
14-2-6 14-2-127, 14-2-128
14-2-7 14-2-102
14-2-20 14-2-301
14-2-21 14-2-302
14-2-22 14-2-304
14-2-23 14-2-204
14-2-40 14-2-401
14-2-41 14-2-402
14-2-42 14-2-403
14-2-43 14-2-403
14-2-60 14-2-501
14-2-61 14-2-502, 14-2-503
14-2-62 14-2-504
14-2-63 14-2-510
14-2-80 14-2-601
14-2-81 14-2-602
14-2-82 --
14-2-83 14-2-620
14-2-84 14-2-621, 14-2-623
14-2-85 14-2-621, 14-2-628
14-2-86 14-2-624
14-2-87 14-2-150, 14-2-625,
14-2-626
14-2-88 14-2-604
14-2-89 --
14-2-90 14-2-623, 14-2-640
14-2-91 14-2-640
14-2-92 14-2-631, 14-2-640
14-2-93 --
14-2-94 14-2-631
14-2-95 --
14-2-96 --
14-2-97 --
14-2-98 14-2-641
14-2-110 14-2-622
14-2-111 14-2-630
14-2-112 14-2-701, 14-2-702,
14-2-703, 14-2-704
14-2-113 14-2-141, 14-2-705,
14-2-706, 14-2-823
14-2-114 14-2-705, 14-2-707
14-2-115 14-2-720, 14-2-724
14-2-116 14-2-725, 14-2-727,
14-2-1021
14-2-117 14-2-721, 14-2-724,
14-2-728
14-2-118 14-2-727, 14-2-1021
14-2-119 14-2-722, 14-2-724,
14-2-728
14-2-120 14-2-731, 14-2-920
14-2-121 14-2-730
14-2-122 14-2-1601, 14-2-1602,
14-2-1604, 14-2-1620
14-2-123 14-2-740, 14-2-741,
14-2-742, 14-2-745, 14-2-746
14-2-140 14-2-801, 14-2-802,
14-2-811
14-2-141 14-2-803, 14-2-804,
14-2-805
14-2-142 14-2-940
14-2-143 14-2-806
14-2-144 14-2-805, 14-2-807,
14-2-810
14-2-145 14-2-808
14-2-146 14-2-820, 14-2-824,
14-2-1022
14-2-147 14-2-825
14-2-148 14-2-820, 14-2-822,
14-2-823
14-2-149 14-2-821
14-2-150 14-2-840
14-2-151 14-2-844
14-2-152 14-2-842
14-2-152.1 14-2-842
14-2-153 14-2-831
14-2-154 14-2-640, 14-2-824
14-2-155 14-2-861, 14-2-862,
14-2-863
14-2-156 14-2-851, 14-2-852,
14-2-855, 14-2-856,
14-2-858, 14-2-859,
14-2-1621
14-2-170 14-2-201
14-2-171 14-2-202, 14-2-203
14-2-172 14-2-201.1
14-2-173 14-2-203
14-2-174 --
14-2-175 14-2-205
14-2-176 14-2-206, 14-2-1022
14-2-177 14-2-207, 14-2-303
14-2-190 14-2-1001
14-2-191 14-2-1002, 14-2-1003,
14-2-1005
14-2-192 14-2-1004
14-2-193 14-2-1006
14-2-194 14-2-1006, 14-2-1006.1
14-2-195 14-2-1009
14-2-196 14-2-1007
14-2-197 14-2-1008
14-2-210 14-2-1101
14-2-211 14-2-1101
14-2-212 14-2-1103
14-2-213 14-2-1105, 14-2-1105.1
14-2-214 14-2-1104
14-2-215 14-2-1108
14-2-216 14-2-1105, 14-2-1106
14-2-217 14-2-1107
14-2-218 14-2-1109
14-2-230 14-2-1201
14-2-231 14-2-1202
14-2-232 14-2-1110
14-2-233 14-2-1111
14-2-234 14-2-1112
14-2-235 14-2-1113
14-2-236 14-2-1131
14-2-237 14-2-1132
14-2-238 14-2-1133
14-2-250 14-2-1302, 14-2-1303
14-2-251 14-2-1301, 14-2-1320,
14-2-1321, 14-2-1322,
14-2-1323, 14-2-1325,
14-2-1326, 14-2-1327,
14-2-1330, 14-2-1331
14-2-270 14-2-1401
14-2-271 --
14-2-272 14-2-1402
14-2-273 14-2-1402, 14-2-1403
14-2-274 14-2-1403
14-2-275 14-2-1405
14-2-276 14-2-1403.1, 14-2-1405,
14-2-1406
14-2-277 14-2-1404
14-2-278 14-2-1404
14-2-279 14-2-1404
14-2-280 14-2-1404
14-2-281 14-2-1408
14-2-282 14-2-1408
14-2-283 14-2-1420, 14-2-1421,
14-2-1422
14-2-284 14-2-1430, 14-2-1431
14-2-285 14-2-940, 14-2-1430,
14-2-1431
14-2-286 14-2-1432
14-2-287 14-2-1432
14-2-288 14-2-1406
14-2-289 14-2-1432
14-2-290 14-2-1433
14-2-291 14-2-1433
14-2-292 14-2-1406, 14-2-1408,
14-2-1440
14-2-293 14-2-1405, 14-2-1406,
14-2-1407, 14-2-1408
14-2-294 14-2-1409
14-2-295 14-2-1409
14-2-310 14-2-1501
14-2-311 14-2-1505
14-2-312 14-2-1506
14-2-313 14-2-1504
14-2-314 14-2-1503
14-2-315 14-2-1503
14-2-316 14-2-1505
14-2-317 14-2-1507
14-2-318 14-2-1508, 14-2-1509
14-2-319 14-2-1510, 14-2-1520
14-2-320 14-2-1504
14-2-321 14-2-1504
14-2-322 14-2-1504
14-2-323 14-2-1520
14-2-324 14-2-1520
14-2-325 14-2-1530
14-2-326 14-2-1530, 14-2-1531
14-2-327 14-2-1531
14-2-328 14-2-1531
14-2-329 14-2-1702
14-2-330 14-2-1540
14-2-331 14-2-1502
14-2-350 14-2-1622
14-2-351 14-2-1622
14-2-370 14-2-122
14-2-371 14-2-122
14-2-372 14-2-122
14-2-373 --
14-2-390 14-2-121, 14-2-130
14-2-391 --
14-2-392 --
14-2-393 14-2-126, 14-2-1532
14-2-394 --
14-2-410 --
14-2-411 14-2-129
14-5-2 14-2-301
LAW REVIEWS. --For article discussing liability of corporate directors, officers, and shareholders under the Georgia Business Corporation Code, as affected by provisions of the Georgia Civil Practice Act, see 7 Ga. St. B.J. 277 (1971). For annual survey on business associations, see 35 Mercer L. Rev. 37 (1983). For annual survey on business associations, see 36 Mercer L. Rev. 91 (1984). For article, "Maintaining the Corporation as a Separate Entity," see 23 Ga. St. B.J. 36 (1986). For annual survey of law of business associations, see 38 Mercer L. Rev. 57 (1986). For annual survey of cases concerning business associations, see 39 Mercer L. Rev. 53 (1987). For article, "Changes in Corporate Practice under Georgia's New Business Corporation Code," see 40 Mercer L. Rev. 655 (1989). For article, "Georgia's New Business Corporation Code," see 24 Ga. St. B.J. 158 (1988). For annual survey of law of business associations, see 40 Mercer L. Rev. 61 (1988). For survey article on business associations, see 42 Mercer L. Rev. 71 (1990). For article, "Some Distinctive Features of the Georgia Business Corporation Code," 28 Ga. St. B.J. 101 (1991). For article, "The Development of the Shareholder's Direct Action Damage Remedy," see 28 Ga. St. B.J. 195 (1992). For annual survey of law of business associations, see 43 Mercer L. Rev. 85 (1991). For annual survey article on business associations, see 45 Mercer L. Rev. 53 (1993). For article discussing developments in law of business associations from June 1, 1996 through May 31, 1997, see 49 Mercer L. Rev. 71 (1997). For annual survey article on business associations, see 50 Mercer L. Rev. 171 (1998). For survey article discussing developments in law of business associations for the period from June 1, 1998 through May 31, 1999, see 51 Mercer L. Rev. 127 (1999). For survey article discussing developments in law of business associations for the period from June 1, 1999 through May 31, 2000, see 52 Mercer L. Rev. 95 (2000). For survey article on cases in the areas of corporate, securities, partnership, and banking law for the period from June 1, 2002 through May 31, 2003, see 55 Mercer L. Rev. 55 (2003). For article, "2006 Amendments to Georgia's Corporate Code and Alternative Entity Statutes," see 12 Ga. St. B.J. 12 (2007).
For note on 1993 amendment of this chapter, see 10 Ga. St. U.L. Rev. 74 (1993). For note on 1999 amendments to sections in this chapter, see 16 Ga. St. U.L. Rev. 27 (1999).
For comment, "An Empirical Study of Defective Incorporation," see 39 Emory L.J. 523 (1990).
COMMENT
CODE REVISION COMMISSION NOTE ON COMMENTS
The comments appearing in this chapter have been prepared under the supervision of the Georgia Corporation Code Revision Committee of the Corporate and Banking Law Section of the State Bar of Georgia and are included in the Official Code of Georgia Annotated at the request of the committee. Neither the General Assembly of Georgia nor the Code Revision Commission of the State of Georgia has participated in the drafting of these comments or has reviewed the comments for their content. The comments should not be considered to constitute a statement of legislative intention by the General Assembly of Georgia nor do they have the force of statutory law.
COMMENT
NOTE AS TO DRAFTING COMMITTEE
The Georgia Business Corporation Code was completely recodified by an Act (Ga. L. 1988, p. 1070) that was based on a draft proposed by the Georgia Business Corporation Code Revision Committee of the Section of Corporate and Banking Law of the State Bar of Georgia composed of the following:
George L. Cohen, Chairman
William J. Carney, Reporter, Professor, Emory University Law School
Elliott Goldstein, Special Consultant
Thomas C. Herman, Secretary
W. Hale Barrett