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2018 Georgia Code 14-2-925 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)
O.C.G.A. 14-2-925 Case Law from Google Scholar Amendments to OCGA 14-2-925

TITLE 14 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Section 2. Business Corporations, 14-2-101 through 14-2-1703.

ARTICLE 9 CLOSE CORPORATIONS

14-2-925. Execution of documents in more than one capacity.

Notwithstanding 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.)

COMMENT

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.

RESEARCH REFERENCES

Am. Jur. 2d.

- 18B Am. Jur. 2d, Corporations, § 1291 et seq.

C.J.S.

- 19 C.J.S., Corporations, §§ 690, 745.

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