Georgia § 46-3-381 - Procedure for consolidation generally.
Full text of Georgia Official Code of Georgia Annotated § 46-3-381 — Procedure for consolidation generally., with citation guidance and answers to common questions.
§ 46-3-381. Procedure for consolidation generally.
Any two or more electric membership corporations may consolidate into a new electric membership corporation pursuant to a plan of consolidation approved in the manner provided in this part. The board of directors of each electric membership corporation participating in the consolidation shall, by a resolution adopted by each such board, approve a plan of consolidation setting forth: The names of the electric membership corporations proposing to consolidate and the name of the new electric membership corporation into which they propose to consolidate, which shall be referred to in this article as the new electric membership corporation; The terms and conditions of the proposed consolidation; The manner and basis of converting the membership interests into membership interests, rights, obligations, or securities of the new electric membership corporation or any other corporation or, in whole or in part, into cash or other property; With respect to the new electric membership corporation, all of the statements required to be set forth in articles of incorporation for electric membership corporations organized under this article; and Such other provisions with respect to the proposed consolidation as are deemed necessary or desirable. (Ga. L. 1937, p. 644, § 15; Ga. L. 1980, p. 72, § 6; Code 1933, § 34C-1002, enacted by Ga. L. 1981, p. 1587, § 1.)
Frequently Asked Questions About Georgia § 46-3-381
What does Official Code of Georgia Annotated § 46-3-381 cover?
Section 46-3-381 ("Procedure for consolidation generally.") 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 § 46-3-381?
A common citation format is "Official Code of Georgia Annotated § 46-3-381" (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 § 46-3-381 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.