---
title: O.C.G.A. § 14-4-63. Liability of persons transacting business before minimum capital stock subscribed for.
collection: code
id: 14-4-63
cite_as: O.C.G.A. § 14-4-63 (2025)
canonical_url: https://georgiacommons.org/code/14-4-63
md_url: https://georgiacommons.org/code/14-4-63.md
text_url: https://georgiacommons.org/code/14-4-63/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=794
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/14-4-62.md
next: https://georgiacommons.org/code/14-4-64.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 / POWERS AND LIABILITIES
---

# O.C.G.A. § 14-4-63. Liability of persons transacting business before minimum capital stock subscribed for.

Persons who organize a company and transact business in its name before the minimum capital stock has been subscribed for are liable to creditors to make good the minimum capital stock with interest.

## History

Civil Code 1895, § 1856; Civil Code 1910, § 2220; Code 1933, § 22-707; Code 1933, § 22-4104, enacted by Ga. L. 1968, p. 565, § 1.

## History of Code Section.

The language of this Code section is derived in part from the decision in Burns v. Beck, 83 Ga. 471, 10 S.E. 121 (1889).