Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 2. BUSINESS CORPORATIONS · Article 7. SHAREHOLDERS · Part 1. MEETINGS

14-2-701. Annual meeting.

Active

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

(a)
A corporation shall hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws.#
(b)
1. (1)
  Except as provided for in paragraph (2) of this subsection, annual shareholders’ meetings may be held in or out of this state at the place stated in or fixed in accordance with the bylaws. If no place is stated in or fixed in accordance with the bylaws, annual shareholders’ meetings shall be held at the corporation’s principal office.#
2. (2)
  Unless the articles of incorporation or the bylaws provide otherwise, the board of directors may determine that an annual shareholders’ meeting may be held wholly or partially by means of remote communication as authorized by Code Section 14-2-708.#
(c)
The failure to hold an annual meeting at the time stated in or fixed in accordance with a corporation’s bylaws does not affect the validity of any corporate action.#

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, § 14-2-701, enacted by Ga. L. 1988, p. 1070, § 1; Ga. L. 2021, p. 103, § 1/SB 168; Ga. L. 2021, p. 115, § 1/HB 306.

Amendments

The first 2021 amendment, effective April 27, 2021, in subsection (b), designated the existing provisions as paragraph (b)(1), in paragraph (b)(1), substituted “Except as provided for in paragraph (2) of this subsection, annual” for “Annual” at the beginning of the first sentence and inserted “shareholders”’ in the middle of the second sentence, and added paragraph (b)(2). The second 2021 amendment, effective April 29, 2021, made identical changes and inserted the word “may” after “meeting”.

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

Text read from t14-(v12)-pdf.pdf, Volume V12, 2017 edition, 2025 supplement, pages 12 to 13; merge action: replaced; file SHA-256 b004123363dc.

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