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Official Code of Georgia Annotated

Title 50. STATE GOVERNMENT · Chapter 26. HOUSING AND FINANCE AUTHORITY

50-26-7. Powers of authority vested in board of directors; quorum; action taken by majority.

Active

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

  1. (a)

    The powers of the authority shall be vested in the members of the board of directors in office from time to time; and a majority of members in office shall constitute a quorum for the transaction of any business and for the exercise of any power or function of the authority.#

  2. (b)

    Action may be taken and motions and resolutions adopted by the board at any meeting thereof by the affirmative vote of a majority of present and voting board members.#

  3. (c)

    No vacancy in the membership of the board shall impair the right of the members to exercise all the powers and perform all duties of the board.#

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

Code 1981, § 50-26-7, enacted by Ga. L. 1991, p. 1653, § 1-2.

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 t50-ch13-40-(v38a)-2021-pdf.pdf, Volume V38A, 2021 edition, page 558; merge action: carried; file SHA-256 1cacff3315fb.