Georgia § 14-4-63 - Liability of persons transacting business before minimum capital stock subscribed for.
Full text of Georgia Official Code of Georgia Annotated § 14-4-63 — Liability of persons transacting business before minimum capital stock subscribed for., with citation guidance and answers to common questions.
§ 14-4-63. Liability of persons transacting business before minimum capital stock subscribed for.
Persons who organize a company and transact business in its name before the minimum capital stock has been subscribed for are liable to creditors to make good the minimum capital stock with interest. (Civil Code 1895, § 1856; Civil Code 1910, § 2220; Code 1933, § 22-707; Code 1933, § 22-4104, enacted by Ga. L. 1968, p. 565, § 1.) History of section. - The language of this Code section is derived in part from the decision in Burns v. Beck, 83 Ga. 471 , 10 S.E. 121 (1889).
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 14-4-63
What does Official Code of Georgia Annotated § 14-4-63 cover?
Section 14-4-63 ("Liability of persons transacting business before minimum capital stock subscribed for.") 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 § 14-4-63?
A common citation format is "Official Code of Georgia Annotated § 14-4-63" (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 § 14-4-63 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.