Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 3. NONPROFIT CORPORATIONS · Article 6. MEMBERSHIP · Part 1. GENERAL PROVISIONS

14-3-602. Consideration for membership in corporation.

Active

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

Except as provided in its articles or bylaws, a corporation may admit members for no consideration or for such consideration as is determined by the board.

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.

Code 1981, § 14-3-602, enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 2023, p. 419, § 1-1/SB 148, effective July 1, 2023.

Ga. L. 2023, p. 419, § 1-1/SB 148, reenacted this Code section without change.

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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, pages 77 to 78; merge action: replaced; file SHA-256 b004123363dc.