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Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 2. BUSINESS CORPORATIONS · Article 9. CLOSE CORPORATIONS · Part 1. CREATION

14-2-901. Application of Business Corporation Code and Professional Corporation Act.

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

  1. (a)

    This chapter applies to statutory close corporations to the extent not inconsistent with the provisions of this article.#

  2. (b)

    This article applies to a professional corporation organized under Chapter 7 of this title, known as the ‘‘Georgia Professional Corporation Act,’’ whose articles of incorporation contain the statement required by Code Section 14-7-3, except insofar as the ‘‘Georgia Professional Corporation Act’’ contains inconsistent provisions, if such professional corporation’s articles of incorporation also contain the statement required by subsection (a) of Code Section 14-2-902.#

  3. (c)

    This article does not repeal or modify any statute or rule of law that is or would apply to a corporation that is organized under this chapter or Chapter 7 of this title, known as the ‘‘Georgia Professional Corporation Act’’ and that does not elect to become a statutory close corporation under Code Section 14-2-902.#

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, § 14-2-901, enacted by Ga. L. 1988, p. 1070, § 1; Ga. L. 1995, p. 482, § 6.

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