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Georgia Commons

Código Oficial de Georgia Anotado

Título 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Capítulo 3. NONPROFIT CORPORATIONS · Artículo 12. SALE, ENCUMBRANCE, OR OTHER DISPOSITION OF ASSETS

14-3-1201. Sale or other disposal of assets in usual course of activities; mortgage or other encumbrance of assets.

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. Unless otherwise provided by this chapter, the articles, or the bylaws, a corporation may, on the terms and conditions and for the consideration determined by the board of directors, and without the approval of the members or any other person:

  2. (1)

    Sell, lease, exchange, or otherwise dispose of any, all, or substantially all, of its property in the usual and regular course of its activities;#

  3. (2)

    Mortgage, pledge, dedicate to the repayment of indebtedness (whether with or without recourse), or otherwise encumber any or all of its property whether or not in the usual and regular course of its activities; or#

  4. (3)

    Transfer any or all of such corporation’s assets to one or more other corporations or other entities, of which all of the memberships or interests are owned or controlled by such 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, § 14-3-1201, enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 2023, p. 419, § 1-1/SB 148, effective July 1, 2023.

Amendments

The 2023 amendment, effective July 1, 2023, in the introductory language, substituted “the articles, or the bylaws, a corporation may, on the terms and conditions and for the” for “the articles, or bylaws, a corporation may on the terms and conditions, for the”, in paragraph (1), inserted “any,” following “dispose of” and deleted “or” at the end, inserted “; or” following “its activities” in paragraph (2), and added paragraph (3).

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)-pdf.pdf, Volumen V12, edición 2017, suplemento de 2025, páginas 175 a 176; acción de fusión: replaced; SHA-256 del archivo b004123363dc.