---
title: O.C.G.A. § 14-3-864. Effect of court approval of transaction.
collection: code
id: 14-3-864
cite_as: O.C.G.A. § 14-3-864 (2025)
canonical_url: https://georgiacommons.org/code/14-3-864
md_url: https://georgiacommons.org/code/14-3-864.md
text_url: https://georgiacommons.org/code/14-3-864/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t14-(v12)-pdf.pdf?sfvrsn=82868bd8_0#page=143
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/14-3.md
previous: https://georgiacommons.org/code/14-3-863.md
next: https://georgiacommons.org/code/14-3-865.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS / NONPROFIT CORPORATIONS / DIRECTORS AND OFFICERS / CONFLICTING INTEREST TRANSACTIONS
---

# O.C.G.A. § 14-3-864. Effect of court approval of transaction.

In a case involving a charitable corporation, a transaction that was not the subject of either directors’ action under Code Section 14-3-862 or members’ action under Code Section 14-3-863 is effective for purposes of paragraph (3) of subsection (b) of Code Section 14-3-861 if the transaction is approved by the superior court, in an action in which the Attorney General is joined as a party.

## History

Code 1981, § 14-3-864, enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 2023, p. 419, § 1-1/SB 148, effective July 1, 2023; Ga. L. 2024, p. 1052, § 6(4)/SB 448, effective July 1, 2024.

## Amendments

The 2023 amendment, effective July 1, 2023, substituted “a charitable corporation” for “a corporation described in paragraph (2) of subsection (a) of Code Section 14-3-1302” at the beginning of this Code section.

The 2024 amendment, effective July 1, 2024, part of an Act to revise, modernize, and correct the Code, revised punctuation and inserted “of” following “paragraph (3)” in this Code section.