Title 10

(a) The powers granted to the authority under this article are cumulative and not in derogation of the powers otherwise granted to the authority under this chapter. (b) Without limitation of the foregoing, the authority shall have the power to pledge or assign as security for the…

Franchises, §§10-1-620 to 10-1-670. Lemon law, §§10-1-780 to 10-1-798. Motor vehicles sales finance act, §§10-1-30 to 10-1-42. BAD FAITH. Aged persons. Protection of disabled adults and elder persons. Reporting of need for protective services. Financial protections for elderly and…

President. Geo. L. Smith II Georgia World Congress Center authority overview committee. Appointment of members,

Wholesale distribution by out-of-state principal. Principal declared to be doing business in state for purposes of personal jurisdiction, §10-1-704. Nonresidents. Wholesale distribution by out-of-state principal. Principal declared to be doing business in state for purposes of pe…

As used in this article, the term: (1) “Board” means the Board of Regents of the University System of Georgia. (2) “Center” means the Advanced Technology Development Center created by the board and acknowledged and empowered to administer the fund by Article III, Section IX, Para…

(a) The fund is created as a separate fund maintained by the board or a body designated by the board and shall be expended only as provided in this article. Pending their use as equity contributions or as loans, the moneys in the fund may be invested and reinvested in accordance …

(a) The center, subject to the approval of the board or its designee, may authorize transfers from the fund to make equity contributions through the direct purchase of qualified securities of enterprises, subject to the center assuring itself that the following conditions will be …

The center, subject to the approval of the board or its designee, may authorize transfers from the fund to make unsecured or secured loans. With respect to such loans, the center, acting on behalf of the state and the fund, shall have the authority to sell loans, mortgages, secur…

All distributions made by an investment entity allocable to the state’s limited partner interest or membership interest therein; all cash proceeds with respect to any loan, whether interest, the repayment of principal, or other amounts; or proceeds of the sale or transfer of qual…

The center, on behalf of the board, shall publish in print or electronically an annual report which shall be made available to the Governor, the General Assembly, the Department of Economic Development or any successor agency, the chairperson of the House Committee on Economic De…

Pursuant to the authority granted in Article III, Section IX, Paragraph VI(g) of the Constitution, there is hereby created the Invest Georgia Fund as a distinct component of the Seed-Capital Fund. The General Assembly declares that its purpose in creating the Invest Georgia Fund …

As used in this article, the term: (1) “Affiliate” means: (A) A person who, directly or indirectly, beneficially owns, controls, or holds power to vote any outstanding voting securities or other voting ownership interests of a venture capital firm; or (B) A person whose outstanding…

(a) There is hereby created the Invest Georgia Board, which shall exercise the powers and perform the duties prescribed by this article. The exercise by the board of its powers and duties is hereby declared to be an essential state governmental function. The board shall be subjec…

The board’s primary responsibilities shall include: (1) Establishing an investment policy for the selection of a fund administrator; (2) Selecting a fund administrator to administer the provisions of this article; (3) Giving final approval to allocations of designated capital to t…

(a) The fund administrator shall be selected by the board through a transparent open bid process and shall be responsible for administering the Invest Georgia Fund and for making all venture capital fund selections in accordance with the investment policies developed by the board…

(a) The Invest Georgia Fund is created as a separate fund maintained by the board, and moneys shall be expended only as provided in this article. (b) The Invest Georgia Fund shall be capitalized through grants from the Seed-Capital Fund, designated appropriations to the center, a…

The Invest Georgia Fund may be funded over a five-year period through guidelines developed by the board. In the first year of the Invest Georgia Fund, the state may provide $10 million to the Invest Georgia Fund; in the second year, $15 million; in the third year, $15 million; in t…

(a) As soon as practicable after the board receives contributed capital, the board and each selected venture capital fund that has been allocated designated capital shall enter into a contract under which the allocated amount of designated capital shall be committed by the board …

(a) Not later than December 31 of each year, each venture capital fund shall report to the board: (1) The amount of designated capital remaining uninvested at the end of the preceding calendar year; (2) All qualified investments made during the preceding calendar year, including t…

Designated capital and investment returns resulting from the qualified investments made under this article shall be retained and used to make additional qualified investments in venture capital funds selected by the fund administrator; provided, however, that the Invest Georgia Fun…

(a)(1) On or before January 1, 2015, and January 1 of each subsequent year, the fund administrator, through the board, shall submit a report on the implementation of this article to the Governor, the Lieutenant Governor, the Speaker of the House of Representatives, and the chairp…

Creation of Seed-Capital Fund. Administration of fund; equity contributions; disbursements. Investing of funds with investment entities. Transfer of funds for making loans. Distribution to be deposited in the fund. Publishing of annual report by center. 10-10-3. 10-10-4. 10-10-5.…

As used in this chapter, the term: (1) “Business record” means letters, words, sounds, or numbers, or the equivalent of letters, words, sounds, or numbers, recorded in the operation of a business by handwriting, typewriting, printing, photostat, photograph, magnetic impulse, mech…

Unless a specific period is designated by law for their preservation, business records which persons pursuant to the laws of this state are required to keep or preserve may be destroyed after the expiration of three years from the making of such records without constituting an off…

If, in the regular course of business, a person makes reproductions of original business records, the preservation of such reproductions constitutes compliance with any laws of this state requiring that business records be kept or preserved. History. Code 1981, § 10-11-3, enacted…

This chapter shall be known and may be cited as the “Uniform Electronic Transactions Act.” History. Code 1981, § 10-12-1, enacted by Ga. L. 2009, p. 698, § 1/HB 126.

If a change or error in an electronic record occurs in a transmission between parties to a transaction, the following rules shall apply: (1) If the parties have agreed to use a security procedure to detect changes or errors and one party has conformed to the procedure but the oth…

If a law requires a signature or record to be notarized, acknowledged, verified, or made under oath, such requirement shall be satisfied if the electronic signature of the person authorized to perform those acts, together with all other information required to be included by other …

(a) If a law requires that a record be retained, such requirement shall be satisfied by retaining an electronic record of the information in the record which: (1) Accurately reflects the information set forth in the record after it was first generated in its final form as an electron…

In a proceeding, evidence of a record or signature shall not be excluded solely because it is in electronic form. History. Code 1981, § 10-12-13, enacted by Ga. L. 2009, p. 698, § 1/HB 126.

In an automated transaction, the following rules shall apply: (1) A contract may be formed by the interaction of electronic agents of the parties, even if no individual was aware of or reviewed the electronic agents’ actions or the resulting terms and agreements; (2) A contract m…

(a) Unless otherwise agreed between the sender and the recipient, an electronic record is sent when: (1) It is addressed properly or otherwise directed properly to an information processing system that the recipient has designated or uses for receiving electronic records or infor…

(a) As used in this Code section, the term “transferable record” means an electronic record that: (1) Would be a note under Article 3 of Title 11 or a document under Article 7 of Title 11 if the electronic record were in writing; and (2) The issuer of the electronic record expres…

Each governmental agency of this state shall determine whether, and the extent to which, it will create and retain electronic records and convert written records to electronic records. History. Code 1981, § 10-12-17, enacted by Ga. L. 2009, p. 698, § 1/HB 126.

(a) Except as otherwise provided in subsection (f) of Code Section 10-12-12, each governmental agency of this state shall determine whether, and the extent to which, it will send and accept electronic records and electronic signatures to and from other persons and otherwise creat…

Any governmental agency of this state which adopts standards pursuant to Code Section 10-12-18 may encourage and promote consistency and interoperability with similar requirements adopted by other governmental agencies of this and other states and the federal government and nongo…

As used in this chapter, the term: (1) “Agreement” means the bargain of the parties in fact, as found in their language or inferred from other circumstances and from rules, regulations, and procedures, given the effect of agreements under laws otherwise applicable to a particular…

Retention of electronic records. Record or signature evidence not to be excluded solely on the basis of electronic format. Rules for automated transactions. Sending and receipt of electronic records. Transferable records. Agency creation and retention of electronic records; conve…

(a) Except as otherwise provided in subsection (b) of this Code section, this chapter shall apply to electronic records and electronic signatures relating to a transaction. (b) This chapter shall not apply to a transaction to the extent it is governed by: (1) A law governing the …

This chapter shall apply to any electronic record or electronic signature created, generated, sent, communicated, received, or stored on or after July 1, 2009. History. Code 1981, § 10-12-4, enacted by Ga. L. 2009, p. 698, § 1/HB 126.

(a) This chapter shall not require a record or signature to be created, generated, sent, communicated, received, stored, or otherwise processed or used by electronic means or in electronic form. (b) This chapter shall apply only to transactions between parties each of which has a…

This chapter shall be construed and applied: (1) To facilitate electronic transactions consistent with other applicable laws; (2) To be consistent with reasonable practices concerning electronic transactions and with the continued expansion of those practices; and (3) To effectua…

(a) A record or signature shall not be denied legal effect or enforceability solely because it is in electronic form. (b) A contract shall not be denied legal effect or enforceability solely because an electronic record was used in its formation. (c) If a law requires a record to…

(a) If parties have agreed to conduct a transaction by electronic means and a law requires a person to provide, send, or deliver information in writing to another person, the requirement shall be satisfied if the information is provided, sent, or delivered, as the case may be, in …

(a) An electronic record or electronic signature shall be attributable to a person if such record or signature was the act of the person. The act of the person may be shown in any manner, including a showing of the efficacy of any security procedure applied to determine the perso…

(a) Cigarette smoking presents serious public health concerns to the state and to the citizens of the state. The Surgeon General has determined that smoking causes lung cancer, heart disease, and other serious diseases, and that there are hundreds of thousands of tobaccorelated d…