---
title: O.C.G.A. § 14-2-1111. Additional business combination approval.
collection: code
id: 14-2-1111
cite_as: O.C.G.A. § 14-2-1111 (2025)
canonical_url: https://georgiacommons.org/code/14-2-1111
md_url: https://georgiacommons.org/code/14-2-1111.md
text_url: https://georgiacommons.org/code/14-2-1111/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=426
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/14-2.md
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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 / BUSINESS CORPORATIONS / MERGER AND SHARE EXCHANGE / FAIR PRICE REQUIREMENTS
---

# O.C.G.A. § 14-2-1111. Additional business combination approval.

In addition to any vote otherwise required by law or the articles of incorporation of the corporation, a business combination shall be:

(1) Unanimously approved by the continuing directors, provided that the continuing directors constitute at least three members of the board of directors at the time of such approval; or

(2) Recommended by at least two-thirds of the continuing directors and approved by a majority of the votes entitled to be cast by holders of voting shares, other than voting shares beneficially owned by the interested shareholder who is, or whose affiliate is, a party to the business combination.

## History

Code 1981, § 14-2-1111, enacted by Ga. L. 1988, p. 1070, § 1.