---
title: O.C.G.A. § 14-2-926. Limited liability.
collection: code
id: 14-2-926
cite_as: O.C.G.A. § 14-2-926 (2025)
canonical_url: https://georgiacommons.org/code/14-2-926
md_url: https://georgiacommons.org/code/14-2-926.md
text_url: https://georgiacommons.org/code/14-2-926/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=340
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/14-2-925.md
next: https://georgiacommons.org/code/14-2-930.md
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 / CLOSE CORPORATIONS / GOVERNANCE
---

# O.C.G.A. § 14-2-926. Limited liability.

The failure of a statutory close corporation to observe the usual corporate formalities or requirements relating to the exercise of its corporate powers or management of its business and affairs is not a ground for imposing personal liability on the shareholders for liabilities of the corporation.

## History

Code 1981, § 14-2-926, enacted by Ga. L. 1988, p. 1070, § 1.