Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 4. SECRETARY OF STATE CORPORATIONS · Article 3. CORPORATE FINANCE

14-4-45. Application for incorporation of corporations having nonpar stock.

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

Upon the organization of any corporation having shares of stock without par value, the petition, declaration, or other application for incorporation required by law, in addition to other matters required to be stated, shall state:
(1)
The number of shares with par value and the number of shares without par value that may be issued and the designation of the classes, if any, into which such shares are divided;#
(2)
The par value of the shares, if any, other than the shares to be without par value; and#
(3)
If there are to be two or more classes of stock, a description of the different classes including a statement of the respective preferences, restrictions, and qualities thereof.#

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

Ga. L. 1925, p. 224, § 4; Code 1933, § 22-808; Code 1933, § 22-4508, enacted by Ga. L. 1968, p. 565, § 1; Ga. L. 1982, p. 3, § 14.

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

Text read from t14-(v12)-2017-pdf.pdf, Volume V12, 2017 edition, page 790; merge action: carried; file SHA-256 f2fad2b71b39.

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