O.C.G.A.

O.C.G.A. § 14-2-925 (2019)

Execution of documents in more than one capacity

✓ 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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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

CORPORATIONS & PARTNERSHIPS or more offices.

History

(Code 1981, § 14-2-925, enacted by Ga. L. 1988, p. 1070, § 1.)

Annotations

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.