Title 14 — Corporations, Partnerships, and Associations
0 chapters · 716 sections in this title.
O.C.G.A. § 14-10-1 Short title
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This chapter shall be known and may be cited as ‘‘The Georgia Professional Association Act.’’ (Ga. L. 1961, p. 404, § 1; Ga. L. 2017, p. 774, § 14/HB 323.) The 2017 amendment, effective May 9, 2017, part of an Act to revise, modernize, and correct the Code, substituted ‘‘This cha…
O.C.G.A. § 14-10-10 Ownership
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(a) Stock-type and nonstock associations. A professional association organized pursuant to this chapter may issue stock or certificates evidencing ownership of an interest in the assets of the professional association to its members; the association may be a nonstock organization…
O.C.G.A. § 14-10-13 Annual report; fee; penalty for failure to furnish report
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Reserved. Repealed by Ga. L. 1989, p. 1027, § 37, effective July 1, 1989. Editor’s notes. — This Code section was based on Ga. L. 1961, p. 404, § 13 and Ga. L. 1985, p. 619, § 1. 14-10-14. Limitation on sale or transfer of membership or shares. A member or shareholder of a profes…
O.C.G.A. § 14-10-15 Distribution of assets following dissolution
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In the event of dissolution of a stock-type professional association, the board of governors, as trustees of the property of such professional association, shall apply the assets first to the payment of debts of the association and, secondly, to the holders of the stock as provid…
O.C.G.A. § 14-10-17 Actions by or against associations
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Code Sections 9-2-24 and 9-2-25 are incorporated by reference and shall govern professional associations organized pursuant to this chapter in all respects as contained therein. (Ga. L. 1961, p. 404, § 17.)
O.C.G.A. § 14-10-2 Definitions
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As used in this chapter, the term: (1) ‘‘Professional association’’ means an unincorporated association, as distinguished from a partnership, organized under this chapter for the purpose of rendering one type of professional service. (2) ‘‘Professional service’’ means the persona…
O.C.G.A. § 14-10-4 Formation
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(a) Articles of association. (1) Filing; contents. To form a professional association, such persons shall execute and file articles of association in the office of the clerk of the superior court in the county in which the association’s principal office is located. Articles of as…
O.C.G.A. § 14-10-8 Management
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(a) Board of governors; officers. A professional association organized pursuant to this chapter shall be governed by a board of governors elected by the members or shareholders and represented by officers elected by the board of governors so that centralization of management 1100…