Georgia § 14-3-740 - Definitions.
Full text of Georgia Official Code of Georgia Annotated § 14-3-740 — Definitions., with citation guidance and answers to common questions.
§ 14-3-740. Definitions.
As used in this part, the term: "Derivative proceeding" means a civil suit in the right of a domestic corporation or, to the extent provided in Code Section 14-3-747, in the right of a foreign corporation. "Member" includes those who are members under Code Section 14-3-140 , as well as any person who is entitled to some portion of the corporation's property upon dissolution, and any person or class of persons specifically designated in the corporation's bylaws or articles of incorporation as having standing to bring a derivative proceeding. (Code 1981, § 14-3-740 , enacted by Ga. L. 1991, p. 465, § 1.)
Frequently Asked Questions About Georgia § 14-3-740
What does Official Code of Georgia Annotated § 14-3-740 cover?
Section 14-3-740 ("Definitions.") 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 § 14-3-740?
A common citation format is "Official Code of Georgia Annotated § 14-3-740" (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 § 14-3-740 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.