GEORGIA CODE (Last Updated: August 20, 2013) |
Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS |
Chapter 2. BUSINESS CORPORATIONS |
Article 13. DISSENTERS' RIGHTS |
Part 2. PROCEDURE FOR EXERCISE OF DISSENTERS' RIGHTS |
Section 14-2-1324. Share restrictions
Latest version.
- (a) The corporation may restrict the transfer of uncertificated shares from the date the demand for their payment is received until the proposed corporate action is taken or the restrictions released under Code Section 14-2-1326.
(b) The person for whom dissenters' rights are asserted as to uncertificated shares retains all other rights of a shareholder until these rights are canceled or modified by the taking of the proposed corporate action.
Code 1981, § 14-2-1324, enacted by Ga. L. 1988, p. 1070, § 1.