GEORGIA CODE (Last Updated: August 20, 2013) |
Title 46. PUBLIC UTILITIES AND PUBLIC TRANSPORTATION |
Chapter 3. ELECTRICAL SERVICE |
Article 4. ELECTRIC MEMBERSHIP CORPORATIONS AND FOREIGN ELECTRIC COOPERATIVES |
Part 5. MEMBERS |
Section 46-3-269. Dissenters' rights
Latest version.
- No member of an electric membership corporation shall, by dissenting from any merger or consolidation to which the electric membership corporation of which he is a member is a party or otherwise, any sale of all or substantially all the assets of such electric membership corporation, or any amendment of such electric membership corporation's articles of incorporation, have the right to receive any consideration for his membership interest except as provided in the plan of merger or consolidation, the terms of sale, or the amendment of the articles of incorporation.
Code 1933, § 34C-1803, enacted by Ga. L. 1981, p. 1587, § 1.