Georgia § 33-11-21 - Corporate stocks.
Full text of Georgia Official Code of Georgia Annotated § 33-11-21 — Corporate stocks., with citation guidance and answers to common questions.
§ 33-11-21. Corporate stocks.
An insurer may invest in nonassessable dividend-paying stocks, common or preferred, of any solvent corporation other than a corporation engaged solely in the business of operating real estate or a corporation having substantially all of its assets invested in the shares of such corporation, created or existing under the laws of the United States of America or of any state or of the District of Columbia, provided cash dividends on the common stocks shall have been paid out of current earnings in at least three of the last five years preceding the purchase. (Code 1933, § 56-1020, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 1999, p. 592, § 6.) Cross references. - Securities regulation, T. 10, C. 5.
Frequently Asked Questions About Georgia § 33-11-21
What does Official Code of Georgia Annotated § 33-11-21 cover?
Section 33-11-21 ("Corporate stocks.") 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 § 33-11-21?
A common citation format is "Official Code of Georgia Annotated § 33-11-21" (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 § 33-11-21 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.