Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 3. NONPROFIT CORPORATIONS · Article 7. MEETINGS OF MEMBERS · Part 2. VOTING

14-3-721. Number of votes to which member entitled; effect of membership in names of two or more persons.

Active

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

(a)
Unless the articles or bylaws provide otherwise, each member is entitled to one vote on each matter voted on by the members.#
(b)
Unless the articles or bylaws provide otherwise, if a membership stands of record in the names of two or more persons, their acts with respect to voting shall have the following effect:#
1. (1)
  If only one votes, such act binds all; and#
2. (2)
  If more than one votes, the vote shall be divided on a pro rata basis.#

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, § 14-3-721, 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.

Read the official page (the state's PDF, opened at the page this text was read from).

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 93; merge action: replaced; file SHA-256 b004123363dc.