O.C.G.A.
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.
The signatures of the officers of a corporation and the seal of the corporation upon any bond, debenture, interest coupon, or other debt security may be facsimiles if the instrument is authenticated or countersigned by a trustee or transfer agent or registered by a registrar other than the corporation or an employee of the corporation. The transfer agent or registrar may sign manually or in facsimile.
History
(Code 1981, § 14-2-150, enacted by Ga. L. 1988, p. 1070, § 1; Ga. L. 1989, p. 946, § 7.)
Annotations
Law reviews. - For article discussing issuance of debt securities under the
Georgia Business Corporation Code, see 3 Ga. L. Rev. 11 (1968).
COMMENT Source: This provision was taken from former law, § 14-2-87(b). Note to 1989 Amendment The 1989 amendment changed this provision to provide that all signatures on a bond or debenture may be facsimiles. The 1989 amendments made a similar change in the requirements for stock certificates contained in Code Section 14-2-625(d). Cross-References Signatures on share certificates, see § 14-2-625. RESEARCH REFERENCES Am. Jur. 2d. - 18A Am. Jur. 2d, Corporations, § 245.
C.J.S. - 19 C.J.S., Corporations, § 752.
Notes of Decisions
Sofate of Am., Inc. v. Brown, 318 S.E.2d 771 (Ga. Ct. App. 1984).
· cites it 2× “See OCGA § 14-2-150. While that material was the subject of a motion to produce documents, and was apparently produced, copies were not made a part of the record.”
LANIER Ins. AGENCY, INC. v. Citizens Bank, Hogansville, 309 S.E.2d 419 (Ga. Ct. App. 1983).
· cites it 2× “Defendant refused and this action resulted. Plaintiff moved for summary judgment which the trial court partially granted as to the principal remaining unpaid on the note.”
Fresh & Fancy Produce, Inc. v. Brantley, 378 S.E.2d 379 (Ga. Ct. App. 1989).
· cites it 2× “834 ( 256 SE2d 82 )) to rebut Brantley’s affidavit that he actually knew of no such restrictions, so as to relieve the corporation of liability under OCGA § 14-2-150 (g). This is particularly and materially conclusive in view of OCGA § 14-2-22, which restricts a corporation’s…”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.