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Call Now: 904-383-7448Notwithstanding any law to the contrary, an individual who holds more than one office in a statutory close corporation may execute, acknowledge, or verify in more than one capacity any document required to be executed, acknowledged, or verified by the holders of two or more offices.
(Code 1981, §14-2-925, enacted by Ga. L. 1988, p. 1070, § 1.)
Source: Model Statutory Close Corporation Supplement, § 24. Former § 14-2-150(b) provided that any two or more offices may be held by the same person, except the offices of president and secretary.
This section, which was derived from the Maryland close corporation statute, is designed to facilitate the authentication of documents in a statutory close corporation. Many small corporations have only one shareholder or one officer.
Cross-References Execution of documents by facsimile signature, see § 14-2-150. Filing requirements, see § 14-2-120. Holding two or more offices simultaneously, see § 14-2-840. Secretary of corporation, see § 14-2-140. Signatures on share certificates, see § 14-2-625.
- 18B Am. Jur. 2d, Corporations, § 1291 et seq.
- 19 C.J.S., Corporations, §§ 690, 745.
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This Georgia Code resource is curated by an Orange Park personal injury and workers' comp lawyer, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. For legal consultation, call 904-383-7448.