O.C.G.A.

O.C.G.A. § 14-11-201 (2019)

Purpose

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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(a) A limited liability company may be formed under this chapter for any lawful purpose. If the purpose for which a limited liability company is formed makes it subject to a special provision of law, the limited liability company shall also comply with that provision.

(b) A limited liability company formed under this chapter has, unless a more limited purpose is set forth in the articles of organization or a written operating agreement, the purpose of engaging in any lawful activity.

History

(Code 1981, § 14-11-201, enacted by Ga. L. 1993, p. 123, § 1; Ga. L. 1995, p. 470, § 15.)

Annotations

Law reviews. - For article, ‘‘The Georgia LLC Act Comes of Age,’’ see 16 (No. 1) Ga. St. B. J. 20 (2010). RESEARCH REFERENCES ALR. - Construction and application of limited liability company acts, 79 ALR5th 689.