Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 4. SECRETARY OF STATE CORPORATIONS · Article 4. POWERS AND LIABILITIES

14-4-60. Powers generally.

Active

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

All corporations have the right to sue and be sued, to have and use a common seal, to make bylaws binding on their own members not inconsistent with the laws of this state and of the United States, to receive donations by gift or will, to purchase and hold such property, real or personal, as is necessary to the purpose of their organization, and to do all such acts as are necessary for the legitimate execution of this purpose.

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

Orig. Code 1863, § 1633; Code 1868, § 1678; Code 1873, § 1679; Code 1882, § 1679; Civil Code 1895, § 1852; Civil Code 1910, § 2216; Code 1933, § 22-703; Code 1933, § 22-4103, enacted by Ga. L. 1968, p. 565, § 1.

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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 791; merge action: carried; file SHA-256 f2fad2b71b39.