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Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 2. BUSINESS CORPORATIONS · Article 1. GENERAL PROVISIONS · Part 4. DEFINITIONS

14-2-142. Number of shareholders.

Active

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

  1. (a)

    For purposes of this chapter, the following identified as a shareholder in a corporation’s current record of shareholders constitute one shareholder:#

    1. (1)

      Three or fewer co-owners;#

    2. (2)

      A corporation, partnership, trust, estate, or other entity;#

    3. (3)

      The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.#

  2. (b)

    For purposes of this chapter, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.#

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, § 14-2-142, enacted by Ga. L. 1988, p. 1070, § 1; Ga. L. 1994, p. 97, § 14.

Read the official page (the state's PDF, opened at the page this text was read from).

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

Text read from t14-(v12)-2017-pdf.pdf, Volume V12, 2017 edition, page 45; merge action: carried; file SHA-256 f2fad2b71b39.