Georgia Commons

Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 3. NONPROFIT CORPORATIONS · Article 7. MEETINGS OF MEMBERS · Part 1. GENERAL PROVISIONS

14-3-702. Special meetings; remote communication.

Active

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

  1. (a)

    A membership corporation shall hold a special meeting of members:#

    1. (1)

      On call of its board or the person or persons authorized to do so by the articles or bylaws; or#

    2. (2)

      If the holders of at least 5 percent of the voting power of the corporation, or such other amount as the articles of incorporation or bylaws shall specify (but such articles or bylaws shall not require more than 25 percent as a minimum of the voting power), sign, date, and deliver to any corporate officer one or more demands in writing or by electronic transmission for the meeting describing the purpose or purposes for which it is to be held.#

  2. (b)

    If not otherwise fixed under Code Section 14-3-703 or Code Section 14-3-706, the record date for determining members entitled to demand a special meeting is the date the first member signs the demand.#

  3. (c)

    If a notice for a special meeting demanded under paragraph (2) of subsection (a) of this Code section is not given pursuant to Code Section 14-3-704 within 30 days after the date the demand or demands in writing or by electronic transmission are delivered to a corporate officer, regardless of the requirements of subsection (d) of this Code section, a person signing the demand or demands may set the time and place of the meeting and give notice pursuant to Code Section 14-3-704.#

  4. (d)
    1. (1)

      Except as provided for in paragraph (2) of this subsection, special meetings of members may be held in or out of this state at the place stated in or fixed in accordance with the bylaws. If no place is stated or fixed in accordance with the bylaws, special meetings shall be held at the corporation’s principal office or other suitable place.#

    2. (2)

      Unless the articles of incorporation or the bylaws provide otherwise, the board of directors may determine that a special meeting of members be held wholly or partially by means of remote communication as authorized by Code Section 14-3-709.#

  5. (e)

    Only those matters that are within the purpose or purposes described in the meeting notice required by Code Section 14-3-704 may be conducted at a special meeting of members.#

  6. (f)

    Unless otherwise provided in the articles, a demand by a member for a special meeting may be revoked in writing or by electronic transmission by the member if such revocation is received by the corporation prior to the call of the special meeting.#

  7. (g)

    A bylaw provision governing the voting power required to call special meetings is not a quorum or voting requirement.#

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.

History

Code 1981, § 14-3-702, enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 2004, p. 508, § 31; Ga. L. 2021, p. 115, § 5/HB 306; Ga. L. 2023, p. 419, § 1-1/SB 148, effective July 1, 2023.

Amendments

The 2021 amendment, effective April 29, 2021, added subsection (h). The 2023 amendment, effective July 1, 2023, in subsection (a), substituted “A membership corporation shall hold” for “A corporation with members shall hold”; rewrote paragraph (a)(2), which read: “Except as otherwise provided in the articles or bylaws, if the holders of at least 5 percent of the voting power of any corporation sign, date, and deliver to any corporate officer one or more demands in writing or by electronic transmission for the meeting describing the purpose or purposes for which it is to be held.”; in subsection (b), substituted “Code Section 14-3-706” for “Code Section 14-3-707”; in subsection (c), substituted “Code Section 14-3-704” for “Code Section 14-3-705” in two places; in subsection (d), added the paragraph (d)(1) designation, substituted “Except as provided for in paragraph (2) of this subsection, special meetings” for “Special meetings” at the beginning of paragraph (d)(1) and added paragraph (d)(2); in subsection (e), substituted “Code Section 14-3-704” for “Code Section 14-3-705”; in subsection (f), substituted “revoked in writing or by electronic transmission by the member if such revocation is received” for “revoked by a written or electronic transmission to that effect by the member received”; and deleted subsection (h), which read: “Unless the articles or bylaws provide otherwise, any special meeting may be held wholly or partially by means of remote communication as authorized and provided for in Code Section 14-3-709.”

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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 83 to 84; merge action: replaced; file SHA-256 b004123363dc.

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