---
title: O.C.G.A. § 52-5-7. Opening books of subscription for capital stock; restriction on increase of capital stock.
collection: code
id: 52-5-7
cite_as: O.C.G.A. § 52-5-7 (2025)
canonical_url: https://georgiacommons.org/code/52-5-7
md_url: https://georgiacommons.org/code/52-5-7.md
text_url: https://georgiacommons.org/code/52-5-7/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t52-t53-(v40)-2021-pdf.pdf?sfvrsn=d23ba203_0#page=73
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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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: WATERS OF THE STATE, PORTS, AND WATERCRAFT / NAVIGATION COMPANIES
---

# O.C.G.A. § 52-5-7. Opening books of subscription for capital stock; restriction on increase of capital stock.

When the certificate has been issued, the persons named therein, in case they shall not have subscribed for the entire capital stock, may open books of subscription to complete the subscription to the capital stock of the company, in such manner and for such amount per share as they may deem proper and expedient, and may receive the subscriptions until the entire capital stock is subscribed. In no case shall the capital stock be increased except as provided in this chapter.

## History

Ga. L. 1894, p. 71, § 4; Civil Code 1895, § 2152; Civil Code 1910, § 2570; Code 1933, § 17-206.