Official Code of Georgia Annotated

Title 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Chapter 5. MISCELLANEOUS PROVISIONS RELATING TO CORPORATIONS · Article 1. GENERAL PROVISIONS

14-5-3. Right of state to withdraw franchise when charter granted since January 1, 1863.

Active

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

In all cases of private charters granted to corporations since January 1, 1863, the state reserves the right to withdraw the franchise unless such right is expressly negatived in the charter.

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, § 1636; Code 1868, § 1681; Code 1873, § 1682; Code 1882, § 1682; Civil Code 1895, § 1880; Civil Code 1910, § 2239; Code 1933, § 22-1202; Code 1933, § 22-5102, enacted by Ga. L. 1968, p. 565, § 1.

Law reviews

For survey article on business associations, see 34 Mercer L. Rev. 13 (1982).

Read the official page (the state's PDF, opened at the page this text was read from).

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