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Georgia Commons

Código Oficial de Georgia Anotado

Título 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Capítulo 2. BUSINESS CORPORATIONS · Artículo 8. DIRECTORS AND OFFICERS · Parte 6. CONFLICTING INTEREST TRANSACTIONS

14-2-861. Judicial action.

Vigente

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

El texto siguiente es la ley tal como la imprime el estado, en inglés.

  1. (a)

    A transaction effected or proposed to be effected by a corporation (or by a subsidiary of the corporation or by any other entity in which the corporation has a controlling interest) that is not a director’s conflicting interest transaction may not be enjoined, set aside, or give rise to an award of damages or other sanctions, in an action by a shareholder or by or in the right of the corporation, on the ground of an interest in the transaction of a director or any person with whom or which he has a personal, economic, or other association.#

  2. (b)

    A director’s conflicting interest transaction may not be enjoined, set aside, or give rise to an award of damages or other sanctions, in an action by a shareholder or by or in the right of the corporation, on the ground of an interest in the transaction of the director or any person with whom or which he has a personal, economic, or other association, if:#

    1. (1)

      Directors’ action respecting the transaction was at any time taken in compliance with Code Section 14-2-862;#

    2. (2)

      Shareholders’ action respecting the transaction was at any time taken in compliance with Code Section 14-2-863; or#

    3. (3)

      The transaction, judged in the circumstances at the time of commitment, is established to have been fair to the corporation.#

Las notas siguientes se imprimen con la sección, pero no son ley promulgada (O.C.G.A. § 1-1-1(c)). Se muestran aparte del texto.

History

Code 1981, § 14-2-861, enacted by Ga. L. 1988, p. 1070, § 1; Ga. L. 1989, p. 946, § 39.

Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).

Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.

Texto leído de t14-(v12)-2017-pdf.pdf, Volumen V12, edición 2017, páginas 297 a 298; acción de fusión: carried; SHA-256 del archivo f2fad2b71b39.