Georgia § 14-2-902 - Definition and election of statutory close corporation status.
Full text of Georgia Official Code of Georgia Annotated § 14-2-902 — Definition and election of statutory close corporation status., with citation guidance and answers to common questions.
§ 14-2-902. Definition and election of statutory close corporation status.
A statutory close corporation is a corporation whose articles of incorporation contain a statement that the corporation is a statutory close corporation. A corporation having 50 or fewer shareholders may become a statutory close corporation by amending its articles of incorporation to include the statement required by subsection (a) of this Code section. The amendment must be approved by the holders of at least two-thirds of the votes of each class or series of shares of the corporation, voting as separate voting groups, whether or not otherwise entitled to vote on amendments. If the amendment is adopted, a shareholder who voted against the amendment is entitled to assert dissenters' rights under Article 13 of this chapter. (Code 1981, § 14-2-902 , enacted by Ga. L. 1988, p. 1070, § 1.)
Frequently Asked Questions About Georgia § 14-2-902
What does Official Code of Georgia Annotated § 14-2-902 cover?
Section 14-2-902 ("Definition and election of statutory close corporation status.") 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 § 14-2-902?
A common citation format is "Official Code of Georgia Annotated § 14-2-902" (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 § 14-2-902 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.