Georgia § 13-10-23 - Affiliated corporations.
Full text of Georgia Official Code of Georgia Annotated § 13-10-23 — Affiliated corporations., with citation guidance and answers to common questions.
§ 13-10-23. Affiliated corporations.
As used in this Code section, the term: "Affiliated corporation" means, with respect to any corporation, any other corporation related thereto: As a parent corporation; As a subsidiary corporation; As a sister corporation; By common ownership or control; or By control of one corporation by the other. The term "bid" shall include proposals. In any case where two or more affiliated corporations bid for a contract under this Code section and any one or more of such affiliated corporations subsequently rescind or revoke their bid or bids in favor of another such affiliated corporation whose bid is for a higher amount and the contract is awarded at such higher amount to such other affiliated corporation, then the bid bond, proposal guaranty, or other security otherwise required under this article of each affiliated corporation rescinding or revoking its bid shall be forfeited. (Code 1981, § 13-10-23 , enacted by Ga. L. 2001, p. 820, § 1.)
Frequently Asked Questions About Georgia § 13-10-23
What does Official Code of Georgia Annotated § 13-10-23 cover?
Section 13-10-23 ("Affiliated corporations.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 13-10-23?
A common citation format is "Official Code of Georgia Annotated § 13-10-23" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 13-10-23 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.