Código Oficial de Georgia Anotado

Título 14. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS · Capítulo 3. NONPROFIT CORPORATIONS · Artículo 8. DIRECTORS AND OFFICERS · Parte 3. STANDARDS OF CONDUCT

14-3-831. Liability for unlawful distribution.

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.

(a)
Unless a director complies with the applicable standards of conduct described in Code Section 14-3-830, a director who votes for or assents to a distribution made in violation of this chapter is personally liable to the corporation for the amount of the distribution that exceeds what could have been distributed without violating this chapter.#
(b)
A director held liable for an unlawful distribution under subsection (a) of this Code section is entitled to contribution:#
1. (1)
  From every other director who voted for or assented to the distribution without complying with the applicable standards of conduct described in Code Section 14-3-830; and#
2. (2)
  From each person who received an unlawful distribution for the amount of the distribution whether or not the person receiving the distribution knew it was made in violation of this chapter.#

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, § 14-3-831, enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 2023, p. 419, § 1-1/SB 148, effective July 1, 2023.

Editor's notes

Ga. L. 2023, p. 419, § 1-1/SB 148, effective July 1, 2023, reenacted this Code section without change.

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, página 120; acción de fusión: replaced; SHA-256 del archivo b004123363dc.