Article 9. CLOSE CORPORATIONS  


Part 1. CREATION
§ 14-2-901. Application of Business Corporation Code and Professional Corporation Act
§ 14-2-902. Definition and election of statutory close corporation status
Part 2. SHARES
§ 14-2-910. Notice of statutory close corporation status on issued shares
§ 14-2-911. Share transfer prohibition
§ 14-2-912. Share transfer after first refusal by corporation
§ 14-2-913. Attempted share transfer in breach of prohibition
§ 14-2-914. Compulsory purchase of shares after death of shareholder
§ 14-2-915. Exercise of compulsory purchase right
§ 14-2-916. Court action to compel purchase
§ 14-2-917. Court costs and other expenses
Part 3. GOVERNANCE
§ 14-2-920. Shareholder agreements
§ 14-2-921. Special terms and powers of directors
§ 14-2-922. Elimination of board of directors
§ 14-2-923. Bylaws
§ 14-2-924. Annual meeting
§ 14-2-925. Execution of documents in more than one capacity
§ 14-2-926. Limited liability
Part 4. REORGANIZATION AND TERMINATION
§ 14-2-930. Merger, share exchange, and sale of assets
§ 14-2-931. Termination of statutory close corporation status
§ 14-2-932. Effect of termination of statutory close corporation status
§ 14-2-933. Shareholder option to dissolve corporation
Part 5. JUDICIAL SUPERVISION
§ 14-2-940. Court action to protect shareholders
§ 14-2-941. Ordinary relief
§ 14-2-942. Extraordinary relief; share purchase
§ 14-2-943. Extraordinary relief; dissolution
Part 6. TRANSITION PROVISIONS
§ 14-2-950. Application to existing corporations

REFS & ANNOS

TITLE 14 Chapter 2 Article 9 NOTE

LAW REVIEWS. --For article, "Georgia's New Business Corporation Code," see 24 Ga. St. B.J. 158 (1988). For article, "Changes in Corporate Practice under Georgia's New Business Corporation Code," see 40 Mercer L. Rev. 655 (1989).
 
RESEARCH REFERENCES
 
ALR. --Duty and liability of closely held corporation, its directors, officers, or majority stockholders, in acquiring stock of minority shareholder, 7 ALR3d 500.