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Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 2. BUSINESS CORPORATIONS · Article 15. FOREIGN CORPORATIONS · Part 1. CERTIFICATE OF AUTHORITY

14-2-1505. Effect of certificate of authority.

Active

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

  1. (a)

    A certificate of authority authorizes the foreign corporation to which it is issued to transact business in this state subject, however, to the right of the state to revoke the certificate as provided in this chapter.#

  2. (b)

    A foreign corporation with a valid certificate of authority has the same but no greater rights under this chapter and has the same but no greater privileges under this chapter as, and except as otherwise provided by this chapter is subject to the same duties, restrictions, penalties, and liabilities now or later imposed on, a domestic corporation of like character.#

  3. (c)

    This chapter does not authorize this state to regulate the organization or internal affairs of a foreign corporation authorized to transact business in this state.#

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, § 14-2-1505, enacted by Ga. L. 1988, p. 1070, § 1.

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 540; merge action: carried; file SHA-256 f2fad2b71b39.