O.C.G.A.

O.C.G.A. § 14-2-103 (2019)

Independent legal significance of chapter provisions

✓ 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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Each provision of this chapter shall have independent legal significance.

History

(Code 1981, § 14-2-103, enacted by Ga. L. 1989, p. 946, § 1.)

Annotations

COMMENT Source: This section was added by amendment in 1989. This section is a codification of a widely recognized rule of construction of business corporation laws. This confirms ‘‘the general theory of the Delaware Corporation law that action taken pursuant to the authority of the various sections of that law constitute acts of independent legal significance and their validity is not dependent on other sections of the Act.’’ Hariton v. Arco Electronics, Inc., 41 Del. Ch. 74, 188 A.2d 123, 125 (Del. Supr. 1963), citing Langfelder v. Universal Laboratories, Inc., 68 F. Supp. 209, 211 (D.Del. 1946).