Georgia § 14-3-831 - Liability for unlawful distribution.
Full text of Georgia Official Code of Georgia Annotated § 14-3-831 — Liability for unlawful distribution., with citation guidance and answers to common questions.
§ 14-3-831. Liability for unlawful distribution.
Unless a director complies with the applicable standards of conduct described in Code Section 14-3-830, a director who votes for or assents to a distribution made in violation of this chapter is personally liable to the corporation for the amount of the distribution that exceeds what could have been distributed without violating this chapter. A director held liable for an unlawful distribution under subsection (a) of this Code section is entitled to contribution: From every other director who voted for or assented to the distribution without complying with the applicable standards of conduct described in Code Section 14-3-830 ; and From each person who received an unlawful distribution for the amount of the distribution whether or not the person receiving the distribution knew it was made in violation of this chapter. (Code 1981, § 14-3-831 , enacted by Ga. L. 1991, p. 465, § 1.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 14-3-831
What does Official Code of Georgia Annotated § 14-3-831 cover?
Section 14-3-831 ("Liability for unlawful distribution.") 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 § 14-3-831?
A common citation format is "Official Code of Georgia Annotated § 14-3-831" (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 § 14-3-831 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.