Georgia § 14-11-1008 - Offer of payment.
Full text of Georgia Official Code of Georgia Annotated § 14-11-1008 — Offer of payment., with citation guidance and answers to common questions.
§ 14-11-1008. Offer of payment.
Except as provided in Code Section 14-11-1010, within ten days of the later of the date the proposed limited liability company action is taken or receipt of a payment demand, the limited liability company shall offer to pay each dissenter who complied with Code Section 14-11-1006 the amount the limited liability company estimates to be the fair value of his or her membership interest, plus accrued interest. The offer of payment must be accompanied by: The limited liability company's balance sheet as of the end of a fiscal year ending not more than 16 months before the date of payment, an income statement for that year, a statement of changes in members' equity for that year, and the latest available interim financial statements, if any; A statement of the limited liability company's estimate of the fair value of the membership interest; An explanation of how the interest was calculated; A statement of the dissenter's right to demand payment under Code Section 14-11-1010; and A copy of this article. If the member accepts the limited liability company's offer by written notice to the limited liability company within 30 days after the limited liability company's offer, payment for his or her membership interest shall be made within 60 days after the making of the offer or the taking of the proposed limited liability company action, whichever is later. (Code 1981, § 14-11-1008 , enacted by Ga. L. 1993, p. 123, § 1.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 14-11-1008
What does Official Code of Georgia Annotated § 14-11-1008 cover?
Section 14-11-1008 ("Offer of payment.") 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 § 14-11-1008?
A common citation format is "Official Code of Georgia Annotated § 14-11-1008" (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 § 14-11-1008 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.