Official Code of Georgia Annotated
Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 2. BUSINESS CORPORATIONS · Article 7. SHAREHOLDERS · Part 1. MEETINGS
14-2-708. Shareholder and proxies’ participation by remote communication.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
When authorized by the board of directors, and subject to such guidelines and procedures as the board of directors may adopt, shareholders and holders of proxies of any class or series designated by the board of directors not physically present at a meeting of shareholders may, by means of remote communication:
- (1)
Participate in a meeting of shareholders; and#
- (2)
Be deemed present in person and vote at a meeting of shareholders, whether such meeting is held at a designated place or held wholly by means of remote communication, provided that:#
- (A)
The corporation implements reasonable procedures to verify that each person deemed present and permitted to vote at the meeting by means of remote communication is a shareholder or holder of a proxy;#
- (B)
The corporation implements reasonable procedures to provide such shareholders and holders of proxies a reasonable opportunity to participate in the meeting and to vote on matters submitted to such shareholders and holders of proxies, including, but not limited to, an opportunity to read or hear the proceedings of the meeting substantially concurrently with such proceedings; and#
- (C)
When any shareholder or holder of a proxy votes or takes other action at the meeting by means of remote communication, a record of such vote or other action shall be maintained by the corporation.#
History
Code 1981, § 14-2-708, enacted by Ga. L. 2021, p. 103, § 3/SB 168; Ga. L. 2021, p. 115, § 3/HB 306.
Effective date
This Code section became effective April 29, 2021.
Code Commission notes
Pursuant to Code Section 28-9-5, in 2021, the enactment of paragraph (2) of subsection (b) of this Code section by Ga. L. 2021, p. 103 § 3/SB 168, was treated as impliedly repealed and superseded by Ga. L. 2021, p. 115, § 3/HB 306, due to irreconcilable conflict.
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)-pdf.pdf, Volume V12, 2017 edition, 2025 supplement, pages 14 to 15; merge action: added; file SHA-256 b004123363dc.