Georgia § 14-11-1010 - Procedure if member dissatisfied with payment or offer.
Full text of Georgia Official Code of Georgia Annotated § 14-11-1010 — Procedure if member dissatisfied with payment or offer., with citation guidance and answers to common questions.
§ 14-11-1010. Procedure if member dissatisfied with payment or offer.
A dissenter may notify the limited liability company in writing of his or her own estimate of the fair value of his membership interest and amount of interest due, and demand payment of his or her estimate of the fair value of his or her membership interest and interest due, if: The dissenter believes that the amount offered under Code Section 14-11-1008 is less than the fair value of his or her membership interest or that the interest due is incorrectly calculated; or The limited liability company, having failed to take the proposed action, does not return the deposited certificates or release the transfer restrictions imposed on uncertificated membership interests within 60 days after the date set for demanding payment. A dissenter waives his or her right to demand payment under this Code section unless he or she notifies the limited liability company of his or her demand in writing under subsection (a) of this Code section within 30 days after the limited liability company offered payment for his or her membership interest, as provided in Code Section 14-11-1008. If the limited liability company does not offer payment within the time set forth in subsection (a) of Code Section 14-11-1008 : The member may demand the information required under subsection (b) of Code Section 14-11-1008 , and the limited liability company shall provide the information to the member within ten days after receipt of a written demand for the information; and The member may at any time, subject to the limitations period of Code Section 14-11-1013 , notify the limited liability company of his or her own estimate of the fair value of his membership interest and the amount of interest due and demand payment of his or her estimate of the fair value of his or her membership interest and interest due. (Code 1981, § 14-11-1010 , enacted by Ga. L. 1993, p. 123, § 1.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 14-11-1010
What does Official Code of Georgia Annotated § 14-11-1010 cover?
Section 14-11-1010 ("Procedure if member dissatisfied with payment or offer.") 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 § 14-11-1010?
A common citation format is "Official Code of Georgia Annotated § 14-11-1010" (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 § 14-11-1010 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.