---
title: O.C.G.A. § 46-9-231. Organization of express companies.
collection: code
id: 46-9-231
cite_as: O.C.G.A. § 46-9-231 (2025)
canonical_url: https://georgiacommons.org/code/46-9-231
md_url: https://georgiacommons.org/code/46-9-231.md
text_url: https://georgiacommons.org/code/46-9-231/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t46-(v34)-2025-pdf.pdf?sfvrsn=48adb3c4_0#page=867
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.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: PUBLIC UTILITIES AND PUBLIC TRANSPORTATION / TRANSPORTATION OF FREIGHT AND PASSENGERS GENERALLY / EXPRESS COMPANIES
---

# O.C.G.A. § 46-9-231. Organization of express companies.

The petitioners shall be the first directors of the company. Upon receiving the prescribed certificate, the directors shall organize by electing one of their number president and shall elect such other corporate officers as may be necessary; and they shall open books of subscription to the capital stock of said company. When all the capital stock has been subscribed for and one-tenth of the amount actually paid in, notice of that fact shall be published at least three times in the newspaper in which the sheriff’s notices are published in the county of the principal office of the company; whereupon, but not before, the company may begin the transaction of business. If the transaction of any business is commenced without complying with the requirements of this Code section, the incorporators and stockholders shall be personally liable for all obligations incurred prior to a full compliance with those requirements.

## History

Ga. L. 1893, p. 84, § 2; Civil Code 1895, § 2001; Civil Code 1910, § 2382; Code 1933, § 41-102.