Georgia § 14-2-1621 - Other reports to shareholders.

Full text of Georgia Official Code of Georgia Annotated § 14-2-1621 — Other reports to shareholders., with citation guidance and answers to common questions.

§ 14-2-1621. Other reports to shareholders.

If a corporation indemnifies or advances expenses to a director under Code Section 14-2-851, 14-2-852, 14-2-853, or 14-2-854 in connection with a proceeding by or in the right of the corporation, the corporation shall report the indemnification or advance in writing to the shareholders with or before the notice of the next shareholders' meeting. (Code 1981, § 14-2-1621 , enacted by Ga. L. 1988, p. 1070, § 1.)

Source: official Georgia text · Last verified 2026-08-27

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Frequently Asked Questions About Georgia § 14-2-1621

What does Official Code of Georgia Annotated § 14-2-1621 cover?

Section 14-2-1621 ("Other reports to shareholders.") 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 § 14-2-1621?

A common citation format is "Official Code of Georgia Annotated § 14-2-1621" (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 § 14-2-1621 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.