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10 chapters · 671 sections in this title.
O.C.G.A. § 7-1-950 Amendment of articles
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(a) Except as provided in subsections (b) and (c) of this Code section and subject to the approval of the department, the articles may be amended by the votes of the shareholders and the members of the corporation, voting separately by classes, and such amendments shall require a…
O.C.G.A. § 7-1-951 Board of directors; officers and agents
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The business affairs of the corporation shall be managed and controlled by a board of directors, a president, a vice-president, a secretary, a treasurer, and such other officers and such agents as the corporation shall authorize by its bylaws. The board of directors shall consist…
O.C.G.A. § 7-1-952 Setting apart net earnings; fiscal year
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(a) Each year the corporation shall set apart its net earnings for all the preceding fiscal year. Whenever the amount of minimum capital established in Code Section 7-1-941 shall become impaired, it shall be built up again to the required amount in the manner provided for its orig…
O.C.G.A. § 7-1-953 Deposit of corporate funds
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The corporation shall not deposit any of its funds in any bank or other financial institution unless such institution has been designated as a depository by a vote of a majority of the directors present at an authorized meeting of the board of directors, exclusive of any director …