Official Code of Georgia Annotated

Title 13. CONTRACTS · Chapter 10. CONTRACTS FOR PUBLIC WORKS · Article 1. GENERAL PROVISIONS · Part 2. Bid Bonds

13-10-23. Affiliated corporations.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
As used in this Code section, the term:#
1. (1)
  ‘‘Affiliated corporation’’ means, with respect to any corporation, any other corporation related thereto:#
  (A)
  As a parent corporation;#
  (B)
  As a subsidiary corporation;#
  (C)
  As a sister corporation;#
  (D)
  By common ownership or control; or#
  (E)
  By control of one corporation by the other.#
2. (2)
  The term ‘‘bid’’ shall include proposals.#
(b)
In any case where two or more affiliated corporations bid for a contract under this Code section and any one or more of such affiliated corporations subsequently rescind or revoke their bid or bids in favor of another such affiliated corporation whose bid is for a higher amount and the contract is awarded at such higher amount to such other affiliated corporation, then the bid bond, proposal guaranty, or other security otherwise required under this article of each affiliated corporation rescinding or revoking its bid shall be forfeited.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 13-10-23, enacted by Ga. L. 2001, p. 820, § 1.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t13-(v11)-2010-pdf.pdf, Volume V11, 2010 edition, pages 609 to 610; merge action: carried; file SHA-256 18573afb153d.

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