---
title: O.C.G.A. § 14-2-1323. Duty to demand payment.
collection: code
id: 14-2-1323
cite_as: O.C.G.A. § 14-2-1323 (2025)
canonical_url: https://georgiacommons.org/code/14-2-1323
md_url: https://georgiacommons.org/code/14-2-1323.md
text_url: https://georgiacommons.org/code/14-2-1323/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=465
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/14-2-1322.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. § 14-2-1323. Duty to demand payment.

(a) A record shareholder sent a dissenters’ notice described in Code Section 14-2-1322 must demand payment and deposit his certificates in accordance with the terms of the notice.

(b) A record shareholder who demands payment and deposits his shares under subsection (a) of this Code section retains all other rights of a shareholder until these rights are canceled or modified by the taking of the proposed corporate action.

(c) A record shareholder who does not demand payment or deposit his share certificates where required, each by the date set in the dissenters’ notice, is not entitled to payment for his shares under this article.

## History

Code 1981, § 14-2-1323, enacted by Ga. L. 1988, p. 1070, § 1.