---
title: O.C.G.A. § 36-21-3. Corporation governed by a board of directors; powers, duties, and operations; bond; administrative expenses.
collection: code
id: 36-21-3
cite_as: O.C.G.A. § 36-21-3 (2025)
canonical_url: https://georgiacommons.org/code/36-21-3
md_url: https://georgiacommons.org/code/36-21-3.md
text_url: https://georgiacommons.org/code/36-21-3/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t35-t36-ch1-59-(v27)-2025-pdf.pdf?sfvrsn=66569db4_0#page=528
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/36-21.md
previous: https://georgiacommons.org/code/36-21-2.md
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index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: LOCAL GOVERNMENT / Provisions Applicable to Counties Only / GROUP HEALTH BENEFITS PROGRAM
---

# O.C.G.A. § 36-21-3. Corporation governed by a board of directors; powers, duties, and operations; bond; administrative expenses.

(a) Any county in this state may enter into a contract with the board for the purpose of providing employee benefits to its employees.

(b) The corporation shall be governed by a board of directors, which shall be appointed and shall serve in accordance with the bylaws of the corporation. The board shall be authorized to operate and administer the benefit system in accordance with its bylaws and such other rules and regulations as may be established by the board as necessary or desirable for the administration of the benefit system.

(c) The board shall maintain a fidelity bond, and errors and omissions coverage or other appropriate liability insurance, in an amount deemed sufficient by the board.

(d) The administrative expenses of the board, including all operational expenses, fees, compensation, and other costs, shall be paid from funds held by it and may be chargeable by it to either principal or income or both, as determined by it, as of any valuation date. Further, the board shall have the authority to allocate expenses among member counties on the basis of costs.

## History

Code 1981, § 36-21-3, enacted by Ga. L. 1999, p. 1190, § 1.