---
title: HB 1162. Corporations; require corporations and limited liability companies and their subsidiaries to provide certain information to the Secretary of State if they own a certain number of multifamily residences
collection: bills
id: 2025-2026/hb1162
cite_as: HB 1162, 2025-2026 Regular Session (Ga.)
canonical_url: https://georgiacommons.org/bills/2025-2026/hb1162
md_url: https://georgiacommons.org/bills/2025-2026/hb1162.md
text_url: https://georgiacommons.org/bills/2025-2026/hb1162/text
source_url: https://www.legis.ga.gov/legislation/72737
date: 2026-02-04
status: introduced
corpus_version: bills-2026-09-13
license: Public record of the Georgia General Assembly, via LegiScan; see about.md
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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omitted: votes and history
omitted_chars: 129
omitted_url: https://georgiacommons.org/bills/2025-2026/hb1162.md?full=1
bill_number: HB 1162
session: 2025-2026 Regular Session
session_slug: 2025-2026
chamber: House
bill_type: bill
status_date: 2026-02-02
last_action: House Second Readers
sponsors:
- El-Mahdi Holly
- Mary Ann Santos
- Gabriel Sanchez
- Karen Lupton
- Yasmin Neal
text_version: Introduced
has_text: true
legiscan_url: https://legiscan.com/GA/bill/HB1162/2025
upstream_id: 2104363
summaries_model: claude-sonnet-5
topic_tags:
- corporate transparency
- landlord disclosure
- multifamily housing
- Secretary of State filings
- rental property ownership
---
# HB 1162. Corporations; require corporations and limited liability companies and their subsidiaries to provide certain information to the Secretary of State if they own a certain number of multifamily residences
## Text
House Bill 1162
By: Representatives Holly of the 116th, Santos of the 117th, Sanchez of the 42nd, Lupton of
the 83rd, and Neal of the 79th
A BILL TO BE ENTITLED
AN ACT
To amend Article 16 of Chapter 2 and Article 11 of Chapter 11 of Title 14 of the Official
Code of Georgia Annotated, relating to records and reports relative to business corporations
and miscellaneous provisions relative to limited liability companies, respectively, so as to
require corporations and limited liability companies and their subsidiaries to provide certain
information to the Secretary of State if they own a certain number of multifamily residences;
to require the Secretary of State to publish such information on the Georgia Corporations
Division website; to provide for definitions; to provide for related matters; to provide for an
effective date and applicability; to repeal conflicting laws; and for other purposes.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION 1.
Article 16 of Chapter 2 of Title 14 of the Official Code of Georgia Annotated, relating to
records and reports relative to business corporations, is amended by adding a new Code
section to read as follows:
"14-2-1623.
(a) As used in this Code section, the term:
(1) 'Multifamily residence' means a parcel of real property that has upon it a structure
that contains four or more individual dwelling units, each of which is designed
exclusively for use and occupation by one family.
(2) 'Subsidiary' means a subsidiary of a corporation or any other entity in which the
corporation has a controlling interest.
(b) In addition to the information delivered to the Secretary of State pursuant to Code
Section 14-2-1622 as part of a corporation's annual filings, such corporation and any
subsidiary thereof which has an interest in three or more multifamily residences shall
provide the Secretary of State with a list of each such residence along with the address of
each multifamily residence.
(c) The Secretary of State shall publish such information with the corporation's business
information on the Georgia Corporations Division website. If a subsidiary has an interest
in three or more multifamily residences, in addition to publishing such information with
the subsidiary's business information, the Secretary of State shall also publish such
information as provided for in subsection (b) of this Code section with the business
information of the parent or controlling corporation."
SECTION 2.
Said title is further amended in Article 11 of Chapter 11, relating to miscellaneous provisions
relative to limited liability companies, is amended by adding a new Code section to read as
follows:
"14-11-1103.2.
(a) As used in this Code section, the term:
(1) 'Multifamily residence' means a parcel of real property that has upon it a structure
that contains four or more individual dwelling units, each of which is designed
exclusively for use and occupation by one family.
(2) 'Subsidiary' means a subsidiary of a limited liability corporation or any other entity
in which the limited liability corporation has a controlling interest.
(b) In addition to the information delivered to the Secretary of State pursuant to Code
Section 14-2-1103 as part of a limited liability corporation's annual filings, such
corporation and any subsidiary thereof which has an interest in three or more multifamily
residences shall provide the Secretary of State with a list of each such residence along with
the address of each multifamily residence.
(c) The Secretary of State shall publish such information with the limited liability
corporation's business information on the Georgia Corporations Division website. If a
subsidiary has an interest in three or more multifamily residences, in addition to publishing
such information with the subsidiary's business information, the Secretary of State shall
also publish such information as provided for in subsection (b) of this Code section with
the business information of the parent or controlling corporation."
SECTION 3.
This Act shall become effective on July 1, 2026, and shall apply to all annual filings made
on or after such date.
SECTION 4.
All laws and parts of laws in conflict with this Act are repealed.
## Summaries written by Georgia Commons
The following was written by claude-sonnet-5 from the text above and is not part of the bill. Quote the text, not the summary.
A Georgia House bill would require corporations and limited liability companies that own three or more multifamily residences to disclose those properties' addresses to the Secretary of State, who would post the list publicly.
### Plain-language summary
Currently, corporations and LLCs registered in Georgia file annual reports with the Secretary of State but are not required to disclose which residential rental properties they own. This bill would change that for larger property owners. Any corporation or LLC, or any subsidiary of one, that has an ownership interest in three or more multifamily residences (buildings with four or more separate dwelling units) would have to submit a list of those properties' addresses along with its annual filing.
The Secretary of State would then publish that address list on the Georgia Corporations Division website, alongside the company's existing business information. If a subsidiary owns the qualifying properties, the addresses would be published under both the subsidiary's listing and its parent or controlling corporation's listing. The new requirement would take effect July 1, 2026, and apply to annual filings made on or after that date.
### What it does
- Requires corporations that own an interest in three or more multifamily residences (buildings with four or more units) to list those properties' addresses in their annual filing.
- Applies the same address-disclosure requirement to limited liability companies (LLCs) that own three or more multifamily residences.
- Extends the disclosure duty to subsidiaries of corporations or LLCs that meet the three-property threshold, not just the parent company.
- Directs the Secretary of State to publish the disclosed addresses on the Georgia Corporations Division website alongside the company's business listing.
- Requires that when a subsidiary owns the qualifying properties, the address information also be published under the parent or controlling corporation's listing.
- Sets an effective date of July 1, 2026, applying to annual filings made on or after that date.
### Who it affects
Corporations and limited liability companies registered in Georgia that own interests in multifamily rental properties, along with their subsidiaries and parent companies. It also affects the Georgia Secretary of State's office, which must collect and publish the new address information, and members of the public who use the Corporations Division website.
### Why it matters
Renters, housing advocates, journalists, and local officials would gain a public way to identify which corporations or LLCs, including hidden subsidiaries, own large residential rental buildings in Georgia. Companies that hold multiple multifamily properties would face new annual paperwork and public disclosure they do not currently have to make.
### Key provisions
- Section 1 adds new Code Section 14-2-1623, requiring corporations and their subsidiaries with an interest in three or more multifamily residences to submit an address list with their annual filing under O.C.G.A. ยง 14-2-1622.
- Section 1 defines 'multifamily residence' as a parcel with a structure containing four or more individual dwelling units meant for separate family occupancy.
- Section 1 defines 'subsidiary' broadly to include any entity in which the corporation holds a controlling interest.
- Section 1 requires the Secretary of State to publish the addresses on the Georgia Corporations Division website, and to also list them under the parent company's page if a subsidiary owns the properties.
- Section 2 adds a parallel new Code Section 14-11-1103.2 applying the identical disclosure and publication rules to limited liability companies and their subsidiaries.
- Section 3 sets the effective date as July 1, 2026, applying to annual filings made on or after that date.
- Section 4 repeals any conflicting laws.
## Status
- Status: Introduced (2026-02-02)
- Last action: House Second Readers (2026-02-04)
- Sponsors: El-Mahdi Holly, Mary Ann Santos, Gabriel Sanchez, Karen Lupton, Yasmin Neal
- Official page: https://www.legis.ga.gov/legislation/72737
> The history, votes, and amendments (129 characters) are at https://georgiacommons.org/bills/2025-2026/hb1162.md?full=1