Georgia § 14-3-304 - Ultra vires.
Full text of Georgia Official Code of Georgia Annotated § 14-3-304 — Ultra vires., with citation guidance and answers to common questions.
§ 14-3-304. Ultra vires.
Except as provided in subsection (b) of this Code section, the validity of corporate action may not be challenged on the ground that the corporation lacks or lacked power to act. A corporation's power to act may be challenged: In a proceeding by a member against the corporation to enjoin the act; In a proceeding by the corporation, directly, derivatively, or through a receiver, trustee, or other legal representative, against an incumbent or former director, officer, employee, or agent of the corporation; or In a proceeding by the Attorney General under Code Section 14-3-1430. In a member's proceeding under paragraph (1) of subsection (b) of this Code section to enjoin an unauthorized corporate act, the court may enjoin or set aside the act, if equitable and if all affected persons are parties to the proceeding, and may award damages for loss, other than anticipated profits, suffered by the corporation or another party because of enjoining the unauthorized act. (Code 1981, § 14-3-304 , enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 2004, p. 508, § 26.)
Frequently Asked Questions About Georgia § 14-3-304
What does Official Code of Georgia Annotated § 14-3-304 cover?
Section 14-3-304 ("Ultra vires.") 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 § 14-3-304?
A common citation format is "Official Code of Georgia Annotated § 14-3-304" (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 § 14-3-304 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.