Georgia § 14-2-806 - Staggered terms for directors.
Full text of Georgia Official Code of Georgia Annotated § 14-2-806 — Staggered terms for directors., with citation guidance and answers to common questions.
§ 14-2-806. Staggered terms for directors.
The articles of incorporation or a bylaw adopted by the shareholders may provide for staggering the terms of directors by dividing the total number of directors into two or three groups. In that event, the terms of directors in the first group expire at the first annual shareholders' meeting after their election, the terms of the second group expire at the second annual shareholders' meeting after their election, and the terms of the third group, if any, expire at the third annual shareholders' meeting after their election. At each annual shareholders' meeting held thereafter, directors shall be chosen for a term of two years or three years, as the case may be, to succeed those whose terms expire. When the number of directors is increased and any newly created directorships are filled by the board, the terms of the additional directors shall expire at the next annual election of directors by the shareholders. (Code 1981, § 14-2-806 , enacted by Ga. L. 1988, p. 1070, § 1; Ga. L. 2016, p. 225, § 1-3/SB 128.) The 2016 amendment, effective July 1, 2016, in subsection (a), in the first sentence, deleted "the" following "terms of", and deleted ", with each group containing one half or one third of the total, as near as may be" following "three groups"; in subsection (b), deleted the introductory language which read: "If directors have staggered terms and the number of directors is thereafter changed:"; deleted paragraph (b)(1), which read: "Any increase or decrease in the number of directors shall be so apportioned among the classes as to make all classes as nearly equal in number as possible; and"; and deleted the paragraph (b)(2) designation. Law reviews. - For article, "Some Distinctive Features of the Georgia Business Corporation Code," 28 Ga. St. B.J. 101 (1991).
Frequently Asked Questions About Georgia § 14-2-806
What does Official Code of Georgia Annotated § 14-2-806 cover?
Section 14-2-806 ("Staggered terms for directors.") 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 § 14-2-806?
A common citation format is "Official Code of Georgia Annotated § 14-2-806" (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 § 14-2-806 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.