Title 14 — Corporations, Partnerships, and Associations
0 chapters · 716 sections in this title.
O.C.G.A. § 14-5-1 Intention
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This chapter is intended to be and is merely a recompilation of existing statutes affecting and regulating corporations and is not intended to change or alter the legal status of any corporation in existence on April 1, 1969. (Code 1933, § 22-5601, enacted by Ga. L. 1969, p. 152,…
O.C.G.A. § 14-5-10 Derivative actions
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Reserved. Repealed by Ga. L. 1988, p. 1070, § 2, effective July 1, 1989. Editor’s notes. — This Code section was based on Ga. L. 1968, p. 565, § 1; Ga. L. 1969, p. 152, § 73; Ga. L. 1970, p. 605, § 5. For present provisions governing derivative actions, see Code Section 14-2-831.…
O.C.G.A. § 14-5-11.1 Valid period for annual registration
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Notwithstanding any other law to the contrary, the Secretary of State may provide for the annual registration required under Code Section 14-5-11 to be valid for a period up to and including three years. The Secretary of State is authorized to adopt the necessary rules and regula…
O.C.G.A. § 14-5-2 By whom powers granted
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All corporate powers and privileges of banking, trust, insurance, railroad, canal, navigation, express, and telegraph companies shall be issued and granted by the Secretary of State. Corporate powers and privileges of all other private companies shall be granted only as provided …
O.C.G.A. § 14-5-20 Secretary of State as corporation commissioner
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The Secretary of State shall be corporation commissioner and shall be charged with the execution of the duties set forth in Chapters 2 through 5 of this title. The corporation commissioner shall appoint a person as assistant corporation commissioner and shall delegate such of the…
O.C.G.A. § 14-5-21 Fees; report; refunds
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All fees collected by the Secretary of State shall be paid into the state treasury for the use of the state, and the Secretary of State shall include in his or her annual reports a full statement of all fees collected or received under Chapters 2 through 5 of this title and the d…
O.C.G.A. § 14-5-22 Condition of acceptance of documents
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The Secretary of State shall accept for filing and recording only those documents which are suitable for reproduction. (Code 1933, § 22-5203, enacted by Ga. L. 1968, p. 565, § 1.) 830 14-5-40 14-5-23. Rules and regulations.
O.C.G.A. § 14-5-23 Rules and regulations
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Notwithstanding any other law to the contrary, the Secretary of State may promulgate such rules and regulations, not inconsistent with the provisions of this title, which are incidental to and necessary for the implementation and enforcement of such provisions of this title as ar…
O.C.G.A. § 14-5-3 Intention
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By whom powers granted. Right of state to withdraw franchise when charter granted since January 1, 1863. 14-5-4. Corporate existence not subject to collateral attack by person dealing with corporation. 14-5-5. Personal use or borrowing of corporate property by officer or director…
O.C.G.A. § 14-5-40 Secretary of State as corporation commissioner
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Applicability of Chapter 3 of title. Validity of contracts and deposits; enforcement. Authority to act as trustee of charitable trust. Church represented by majority; effect of withdrawal of part of congregation. Church edifice liable to sale for debt. Interference by courts with…
O.C.G.A. § 14-5-41 Validity of contracts and deposits; enforcement
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All contracts made with any nonprofit corporation referred to in Code Section 14-5-40, all deposits for its account, and all conveyances of title to or by it shall be legal and valid. All such contracts may be enforced in the same manner and in the same way as if such nonprofit c…
O.C.G.A. § 14-5-42 Authority to act as trustee of charitable trust
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Nonprofit corporation(s) referred to in Code Section 14-5-40 created prior to April 1, 1969, or created thereafter pursuant to this article are authorized to act in their corporate capacity as trustee to administer and carry into effect any charitable trust created prior to April…
O.C.G.A. § 14-5-44 Church edifice liable to sale for debt
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In the absence of other property, where a church congregation has incurred a valid debt the church edifice and site are liable to sale for its payment. (Civil Code 1895, § 2361; Civil Code 1910, § 2834; Code 1933, § 22-407; Code 1933, § 22-5505, enacted by Ga. L. 1968, p. 565, § …
O.C.G.A. § 14-5-45 Interference by courts with management of church
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Courts are reluctant to interpose in questions affecting the management of the temporalities of a church; but, when property is devoted to a specific doctrine or purpose, the courts will prevent it from being diverted from the trust. (Civil Code 1895, § 2362; Civil Code 1910, § 2…
O.C.G.A. § 14-5-46 Conveyances to churches or religious societies confirmed
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All deeds of conveyance executed before April 1, 1969, or thereafter for any lots of land within this state to any person or persons, to any church or religious society, or to trustees for the use of any church or religious society for the purpose of erecting churches or meeting …
O.C.G.A. § 14-5-50 Corporate rights generally
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The societies referred to in Code Section 14-5-49 shall be bodies politic and corporate for the purposes of receiving in their distinct and proper names by their trustees or officers all property, both personal and real, by purchase, gift, or bequest. They may plead, be impleaded…
O.C.G.A. § 14-5-6 Bribery of state officials, § 16-10-2
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Criminal penalty for action by public officer or employee who asks for or receives thing of value in return for agreement to seek passage or defeat of legislation, §§ 16-10-4, 16-10-5. 739 Editor’s notes. Ga. L. 2005, p. 859, § 28/HB 48, not codified by the General Assembly, provi…
O.C.G.A. § 14-5-8 Joint tenancy of shares and securities
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Whenever certificates for shares or other securities issued by domestic or foreign corporations are or have been issued or transferred to two or more persons in joint tenancy on the books or records of the corporation, it is presumed in favor of the corporation, its registrar, an…