Georgia § 50-5-131 - Definitions.
Full text of Georgia Official Code of Georgia Annotated § 50-5-131 — Definitions., with citation guidance and answers to common questions.
§ 50-5-131. Definitions.
As used in this part, the term: "Minority" means an individual who is a member of a race which comprises less than 50 percent of the total population of the state. "Minority business enterprise" means a small business concern which is owned and controlled by one or more minorities and is authorized to do and is doing business under the laws of this state, paying all taxes duly assessed, and domiciled within this state. "Owned and controlled" means a business: Which is at least 51 percent owned by one or more minorities or, in the case of a publicly owned business, at least 51 percent of all classes or types of the stock is owned by one or more minorities; and Whose management and daily business operations are controlled by one or more minorities. (Code 1981, § 50-5-131 , enacted by Ga. L. 1991, p. 1380, § 3.)
Frequently Asked Questions About Georgia § 50-5-131
What does Official Code of Georgia Annotated § 50-5-131 cover?
Section 50-5-131 ("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 § 50-5-131?
A common citation format is "Official Code of Georgia Annotated § 50-5-131" (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 § 50-5-131 apply to my situation?
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Sources & Verification
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