---
title: O.C.G.A. § 33-14-45. Classes of common or preferred shares.
collection: code
id: 33-14-45
cite_as: O.C.G.A. § 33-14-45 (2025)
canonical_url: https://georgiacommons.org/code/33-14-45
md_url: https://georgiacommons.org/code/33-14-45.md
text_url: https://georgiacommons.org/code/33-14-45/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t33-ch1-22-(v24)-2020-pdf.pdf?sfvrsn=a873240d_0#page=686
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/33-14.md
previous: https://georgiacommons.org/code/33-14-44.md
next: https://georgiacommons.org/code/33-14-60.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: INSURANCE / DOMESTIC STOCK AND MUTUAL INSURERS / DOMESTIC STOCK INSURERS
---

# O.C.G.A. § 33-14-45. Classes of common or preferred shares.

A domestic stock insurer may have one or more classes of common or preferred shares, all of which shall be shares with par value in accordance with paragraph (5) of subsection (b) of Code Section 33-14-4 and any or all of which may, subject to any restrictions of this title, consist of shares with full, limited, multiple, fractional, or no voting rights and such designations, preferences, qualifications, privileges, limitations, redemption provisions (in the case of preferred shares), options, conversion rights, and other special rights as shall be stated in this article. Except as otherwise stated in this article, this title, or other applicable laws, each share shall be equal in all respects to every other share.

## History

Code 1981, § 33-14-45, enacted by Ga. L. 1994, p. 694, § 2.

## Law Reviews

For note on the 1994 enactment of this Code section, see 11 Ga. St. U.L. Rev. 196 (1994).