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GEORGIA CODE (Last Updated: August 20, 2013) |
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Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS |
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Chapter 3. NONPROFIT CORPORATIONS |
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Article 8. DIRECTORS AND OFFICERS |
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Part 6. CONFLICTING INTEREST TRANSACTIONS |
| § 14-3-860. Definitions |
| § 14-3-861. Transactions not subject to being enjoined, set aside, or other sanctions |
| § 14-3-862. Directors' action after disclosure of conflict or abstention by interested director |
| § 14-3-863. Members' action following disclosure of conflict |
| § 14-3-864. Effect of court approval of transaction |
| § 14-3-865. Voidability of conflicting interest transaction |
REFS & ANNOS
TITLE 14 Chapter 3 Article 8 Part 6 NOTE
OPINIONS OF THE ATTORNEY GENERAL
CONFLICT OF INTEREST DISCLOSURE REQUIREMENTS DO NOT AFFECT BOARD OF REGENTS' EMPLOYEES. --Provisions of the Nonprofit Corporation Code, O.C.G.A. § 14-3-101 et seq., placing certain disclosure requirements upon directors and officers of nonprofit corporations do not affect, limit or modify the proviso in O.C.G.A. § 45-10-23(a) negating a "conflict of interest" situation for Board of Regents' employees who serve on the governing boards of foundations and associations supporting higher education institutions. 1995 Op. Att'y Gen. No. 95-36.
CONFLICT OF INTEREST DISCLOSURE REQUIREMENTS DO NOT AFFECT BOARD OF REGENTS' EMPLOYEES. --Provisions of the Nonprofit Corporation Code, O.C.G.A. § 14-3-101 et seq., placing certain disclosure requirements upon directors and officers of nonprofit corporations do not affect, limit or modify the proviso in O.C.G.A. § 45-10-23(a) negating a "conflict of interest" situation for Board of Regents' employees who serve on the governing boards of foundations and associations supporting higher education institutions. 1995 Op. Att'y Gen. No. 95-36.