---
title: O.C.G.A. § 14-4-45. Application for incorporation of corporations having nonpar stock.
collection: code
id: 14-4-45
cite_as: O.C.G.A. § 14-4-45 (2025)
canonical_url: https://georgiacommons.org/code/14-4-45
md_url: https://georgiacommons.org/code/14-4-45.md
text_url: https://georgiacommons.org/code/14-4-45/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t14-(v12)-2017-pdf.pdf?sfvrsn=507372ea_0#page=790
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/14-4.md
previous: https://georgiacommons.org/code/14-4-44.md
next: https://georgiacommons.org/code/14-4-46.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 / SECRETARY OF STATE CORPORATIONS / CORPORATE FINANCE
---

# O.C.G.A. § 14-4-45. Application for incorporation of corporations having nonpar stock.

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.

## 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.