---
title: O.C.G.A. § 14-2-1540. Application of chapter to foreign corporations domesticated under prior law.
collection: code
id: 14-2-1540
cite_as: O.C.G.A. § 14-2-1540 (2025)
canonical_url: https://georgiacommons.org/code/14-2-1540
md_url: https://georgiacommons.org/code/14-2-1540.md
text_url: https://georgiacommons.org/code/14-2-1540/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=559
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/14-2-1532.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 / FOREIGN CORPORATIONS / DOMESTICATION
---

# O.C.G.A. § 14-2-1540. Application of chapter to foreign corporations domesticated under prior law.

(a) A foreign corporation which prior to April 1, 1969, has domesticated in this state under the procedure available prior to that date and which is a domesticated foreign corporation on that date shall have perpetual duration as a domesticated foreign corporation of this state unless its existence is terminated in its jurisdiction of incorporation or its domesticated status is dissolved in accordance with the provisions of this chapter relating to involuntary dissolution or until such time as it withdraws from this state in the manner provided in this chapter. Such domesticated foreign corporations and the shareholders thereof shall have all the rights, privileges, and immunities, and be subject to all the duties, liabilities, and disabilities applicable to similar corporations organized under the laws of this state and applicable to the shareholders thereof, except as may be provided with respect to such domesticated foreign corporations by any of the laws of this state existing on April 1, 1969, or coming into existence thereafter.

(b) Whenever the term ‘‘foreign corporation authorized to transact business in this state’’ is used in this chapter, it shall be deemed to include domesticated foreign corporations except where the context or this chapter otherwise requires.

## History

Code 1981, § 14-2-1540, enacted by Ga. L. 1988, p. 1070, § 1.