---
title: O.C.G.A. § 14-11-1007. Membership interest restrictions.
collection: code
id: 14-11-1007
cite_as: O.C.G.A. § 14-11-1007 (2025)
canonical_url: https://georgiacommons.org/code/14-11-1007
md_url: https://georgiacommons.org/code/14-11-1007.md
text_url: https://georgiacommons.org/code/14-11-1007/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t14-(v12)-2017-pdf.pdf?sfvrsn=507372ea_0#page=1195
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/14-11.md
previous: https://georgiacommons.org/code/14-11-1006.md
next: https://georgiacommons.org/code/14-11-1008.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS / LIMITED LIABILITY COMPANIES / DISSENTERS’ RIGHTS
---

# O.C.G.A. § 14-11-1007. Membership interest restrictions.

(a) The limited liability company may restrict the transfer of uncertificated membership interests from the date the demand for their payment is received until the proposed limited liability company action is taken or the restrictions are released under Code Section 14-11-1009.

(b) The person for whom dissenters’ rights are asserted as to uncertificated membership interests retains all other rights of a member until these rights are canceled or modified by the taking of the proposed limited liability company action.

## History

Code 1981, § 14-11-1007, enacted by Ga. L. 1993, p. 123, § 1.