Corporate existence not subject to collateral attack by person dealing with corporation

The existence of a corporation claiming a charter under color of law cannot be collaterally attacked by persons who have dealt with it as a corporation. Such persons are estopped from denying its corporate existence. (Civil Code 1895, § 1862; Civil Code 1910, § 2226; Code 1933, § 22-714; Code 1933, § 22-5103, enacted by Ga. L. 1968, p. 565, § 1.) History of Code section. — The language of this Code section is derived in part from the decisions in Killet v. State, 32 Ga. 292 (1861); Imboden v. Etowah & Battle Branch Mining Co., 70 Ga. 86 (1883); and Rogers v. Toccoa Power Co., 161 Ga. 524, 131 S.E. 517 (1926).