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2018 Georgia Code 14-10-16 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)
O.C.G.A. 14-10-16 Case Law from Google Scholar Amendments to OCGA 14-10-16

TITLE 14 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Section 10. Professional Associations, 14-10-1 through 14-10-18.

ARTICLE 2 LIMITED PARTNERSHIPS FORMED PRIOR TO FEBRUARY 15, 1952

14-10-16. Powers generally; assets not liable to attachment for debts of members or shareholders.

A professional association organized pursuant to this chapter may contract in its own name, take, hold, and sell real and personal property in its own name, independent of its members, and sue and be sued as an independent entity as provided by law. Any conveyance in the name of the professional association to a third person executed by the president and attested by the secretary shall be conclusively presumed to be properly executed and shall divest all right, title, and interest of the professional association, its members, and the board of governors thereof. The assets of a professional association shall not be liable to attachment for the individual debts of its members or shareholders.

(Ga. L. 1961, p. 404, § 16.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 18 Am. Jur. 2d, Corporations, § 45 et seq.

Cases Citing O.C.G.A. § 14-10-16

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Cobb Cnty. Sch. Dist. v. Barker, 518 S.E.2d 126 (Ga. 1999).

Cited 43 times | Published | Supreme Court of Georgia | May 3, 1999 | 271 Ga. 35, 99 Fulton County D. Rep. 1774

...ity or SSI benefits. Compare statutes in which the General Assembly has enacted a conclusive presumption expressly, e.g., OCGA § 2-10-60(2) (conclusive presumption of receipt of commissioner's order and notice *130 of opportunity for hearing); OCGA § 14-10-16 (conveyance in the name of a professional association executed by the president and attested by the secretary conclusively presumed to be properly executed); OCGA § 32-6-27(a) (conclusive presumption that overweight vehicle damaged roads...