---
title: O.C.G.A. § 14-5-3. Right of state to withdraw franchise when charter granted since January 1, 1863.
collection: code
id: 14-5-3
cite_as: O.C.G.A. § 14-5-3 (2025)
canonical_url: https://georgiacommons.org/code/14-5-3
md_url: https://georgiacommons.org/code/14-5-3.md
text_url: https://georgiacommons.org/code/14-5-3/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=820
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/14-5.md
previous: https://georgiacommons.org/code/14-5-2.md
next: https://georgiacommons.org/code/14-5-4.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 / MISCELLANEOUS PROVISIONS RELATING TO CORPORATIONS / GENERAL PROVISIONS
---

# O.C.G.A. § 14-5-3. Right of state to withdraw franchise when charter granted since January 1, 1863.

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.

## 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).