---
title: O.C.G.A. § 14-2-1321. Notice of intent to demand payment.
collection: code
id: 14-2-1321
cite_as: O.C.G.A. § 14-2-1321 (2025)
canonical_url: https://georgiacommons.org/code/14-2-1321
md_url: https://georgiacommons.org/code/14-2-1321.md
text_url: https://georgiacommons.org/code/14-2-1321/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=462
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
previous: https://georgiacommons.org/code/14-2-1320.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 / DISSENTERS’ RIGHTS / PROCEDURE FOR EXERCISE OF DISSENTERS’ RIGHTS
---

# O.C.G.A. § 14-2-1321. Notice of intent to demand payment.

(a) If proposed corporate action creating dissenters’ rights under Code Section 14-2-1302 is submitted to a vote at a shareholders’ meeting, a record shareholder who wishes to assert dissenters’ rights:

(1) Must deliver to the corporation before the vote is taken written notice of his intent to demand payment for his shares if the proposed action is effectuated; and

(2) Must not vote his shares in favor of the proposed action.

(b) A record shareholder who does not satisfy the requirements of subsection (a) of this Code section is not entitled to payment for his shares under this article.

## History

Code 1981, § 14-2-1321, enacted by Ga. L. 1988, p. 1070, § 1.