Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 3. NONPROFIT CORPORATIONS · Article 6. MEMBERSHIP · Part 3. TERMINATION OF MEMBERSHIP
14-3-620. Resignation by member and effect thereof.
Current through: Including Acts of the 2025 Regular Session of the General Assembly.
- (a)
Unless otherwise provided by law, a member may resign from membership at any time by delivering notice in writing or by electronic transmission to the corporation. A resignation is effective when the notice is delivered unless the notice specifies a later effective date, although the articles or bylaws may require reasonable notice before the resignation is effective.#
- (b)
This Code section shall not relieve the resigning member from any obligation for charges incurred, services or benefits actually rendered, dues, assessments, or fees, or arising from contract, a condition to ownership of land, an obligation arising out of ownership of land, or otherwise, and this Code section shall not diminish any right of the corporation to enforce any such obligation or obtain damages for its breach.#
History
Code 1981, § 14-3-620, enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 2004, p. 508, § 30; Ga. L. 2023, p. 419, § 1-1/SB 148, effective July 1, 2023.
Editor's notes
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 79 to 80; merge action: replaced; file SHA-256 b004123363dc.
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