Georgia § 14-11-306 - Indemnification.
Full text of Georgia Official Code of Georgia Annotated § 14-11-306 — Indemnification., with citation guidance and answers to common questions.
§ 14-11-306. Indemnification.
Subject to such standards and restrictions, if any, as are set forth in the articles of organization or a written operating agreement, a limited liability company may, and shall have the power to, indemnify and hold harmless any member or manager or other person from and against any and all claims and demands whatsoever arising in connection with the limited liability company; provided, however, that no limited liability company shall have the power to indemnify any member or manager for any liability that may not be eliminated or limited by the articles of organization or a written operating agreement by reason of division (4)(A)(i) or (ii) of Code Section 14-11-305. (Code 1981, § 14-11-306 , enacted by Ga. L. 1993, p. 123, § 1.)
Frequently Asked Questions About Georgia § 14-11-306
What does Official Code of Georgia Annotated § 14-11-306 cover?
Section 14-11-306 ("Indemnification.") 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 § 14-11-306?
A common citation format is "Official Code of Georgia Annotated § 14-11-306" (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 § 14-11-306 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.