---
title: O.C.G.A. § 14-3-1406. Effect of notice of intent to dissolve.
collection: code
id: 14-3-1406
cite_as: O.C.G.A. § 14-3-1406 (2025)
canonical_url: https://georgiacommons.org/code/14-3-1406
md_url: https://georgiacommons.org/code/14-3-1406.md
text_url: https://georgiacommons.org/code/14-3-1406/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t14-(v12)-pdf.pdf?sfvrsn=82868bd8_0#page=186
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/14-3.md
previous: https://georgiacommons.org/code/14-3-1405.md
next: https://georgiacommons.org/code/14-3-1407.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 / NONPROFIT CORPORATIONS / DISSOLUTION / VOLUNTARY DISSOLUTION
---

# O.C.G.A. § 14-3-1406. Effect of notice of intent to dissolve.

A corporation that has filed a notice of intent to dissolve continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:

(1) Collecting its assets;

(2) Disposing of its properties that will not be distributed in kind in accordance with the plan of dissolution;

(3) Discharging or making provision for discharging its liabilities;

(4) Distributing its remaining property in accordance with the plan of dissolution; and

(5) Doing every other act necessary to wind up and liquidate its business and affairs.

## History

Code 1981, § 14-3-1406, enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 2023, p. 419, § 1-1/SB 148, effective July 1, 2023.

## Amendments

The 2023 amendment, effective July 1, 2023, deleted “among its members” following “remaining property” in paragraph (4).