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Call Now: 904-383-7448Directors shall be natural persons who are 18 years of age or older but need not be residents of this state nor shareholders of the corporation unless the articles of incorporation so require. The articles of incorporation or bylaws may prescribe additional qualifications for directors.
(Code 1981, §14-2-802, enacted by Ga. L. 1988, p. 1070, § 1.)
Source: Former § 14-2-140(c).
The Model Act provisions eliminated all mandatory qualifications for directors. The Code preserves the former Georgia approach of § 14-2-140(c), which only provided for natural persons of legal age. This resolves questions of legal capacity.
Cross-References Articles of incorporation, see § 14-2-202 and Article 10, Part 1. Bylaws, see § 14-2-206 and Article 10, Part 2. Close corporations, see Article 9.
- 18B Am. Jur. 2d, Corporations, § 1151 et seq.
- Character or ability as a qualification of membership of board of trustees or directors of a private corporation, 30 A.L.R. 248.
Eligibility as corporate director of one who was not stockholder in fact, or not stockholder of record, at time of election, but who afterwards became such, 130 A.L.R. 156.
Validity, construction, and effect of statute or corporate regulation requiring deposit of stock of corporation as condition of qualification of director, 148 A.L.R. 1164.
Validity of transfer or contract incident to transfer of corporate stock to qualify transferee as director or officer, 167 A.L.R. 387.
No results found for Georgia Code 14-2-802.