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2018 Georgia Code 14-3-611 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)
O.C.G.A. 14-3-611 Case Law from Google Scholar Amendments to OCGA 14-3-611

TITLE 14 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Section 3. Nonprofit Corporations, 14-3-101 through 14-3-1703.

ARTICLE 6 MEMBERSHIP

14-3-611. Limitation on members' liability.

A member of a corporation is not, as such, personally liable for the acts, debts, liabilities, or obligations of the corporation.

(Code 1981, §14-3-611, enacted by Ga. L. 1991, p. 465, § 1.)

COMMENT

This section is taken from the Model Act. It establishes the general rule that members have no personal liability to third parties for the corporation's acts, obligations or debts.

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