Official Code of Georgia Annotated
Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 3. NONPROFIT CORPORATIONS · Article 14. DISSOLUTION · Part 1. VOLUNTARY DISSOLUTION
14-3-1410. Claims pending prior to dissolution of a corporation.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
The dissolution of a corporation in any manner, except by a decree of the superior court when the court has supervised the liquidation of the assets and business of the corporation as provided in Code Sections 14-3-1430 and 14-3-1433, shall not take away or impair any remedy available to such corporation or its directors, officers, or members for any right or claim existing prior to such dissolution if an action or other proceeding thereon is pending on the date of such dissolution or is commenced within two years after the date of such dissolution. Any such action or proceeding by the corporation may be prosecuted by the corporation in its corporate name. The members, directors, and officers shall have the power to take such corporate or other action as shall be appropriate to protect such remedy, right, or claim.
History
Code 1981, § 14-3-1409.1, enacted by Ga. L. 2004, p. 508, § 58; Ga. L. 2010, p. 878, § 14/HB 1387; Code 1981, § 14-3-1410, as redesignated by Ga. L. 2023, p. 419, § 1-1/SB 148, effective July 1, 2023.
Amendments
The 2023 amendment, effective July 1, 2023, redesignated former Code Section 14-3-1409.1 as present Code Section 14-3-1410, and substituted “corporation or its directors” for “corporation, its directors”.
Editor's notes
Ga. L. 2023, p. 419, § 1-1/SB 148, redesignated former Code Section 14-3-1410 as present Code Section 14-3-1411.
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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, page 190; merge action: replaced; file SHA-256 b004123363dc.