Georgia § 14-3-1409 - 1. Claims pending prior to dissolution of a corporation.
Full text of Georgia Official Code of Georgia Annotated § 14-3-1409 — 1. Claims pending prior to dissolution of a corporation., with citation guidance and answers to common questions.
§ 14-3-1409. 1. Claims pending prior to dissolution of a corporation.
The dissolution of a corporation in any manner, except by a decree of the superior court when the court has supervised the liquidation of the assets and business of the corporation as provided in Code Sections 14-3-1430 and 14-3-1433, shall not take away or impair any remedy available to such corporation, its directors, officers, or members for any right or claim existing prior to such dissolution if an action or other proceeding thereon is pending on the date of such dissolution or is commenced within two years after the date of such dissolution. Any such action or proceeding by the corporation may be prosecuted by the corporation in its corporate name. The members, directors, and officers shall have the power to take such corporate or other action as shall be appropriate to protect such remedy, right, or claim. (Code 1981, § 14-3-1409.1 , enacted by Ga. L. 2004, p. 508, § 58; Ga. L. 2010, p. 878, § 14/HB 1387.) Code Commission notes. - Pursuant to Code Section 28-9-5, in 2004, "corporate" was substituted for "corporation" in the third sentence.
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 14-3-1409
What does Official Code of Georgia Annotated § 14-3-1409 cover?
Section 14-3-1409 ("1. Claims pending prior to dissolution of a corporation.") 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 § 14-3-1409?
A common citation format is "Official Code of Georgia Annotated § 14-3-1409" (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 § 14-3-1409 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.