O.C.G.A.

O.C.G.A. § 14-3-724 (2019)

Proxies

✓ 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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(a) Unless the articles or bylaws prohibit or limit proxy voting, a member may vote in person or by proxy. (b) A member or his or her agent or attorney in fact may appoint a proxy to vote or otherwise act for the member by signing an appointment form either personally or by an electronic transmission. An electronic transmission must contain or be accompanied by information from which it can be determined that the member, the member’s agent, or the member’s attorney in fact authorized the electronic transmission. (c) An appointment of a proxy is effective when a signed appointment form or electronic transmission of the appointment is received by the secretary or other officer or agent authorized to tabulate votes. An appointment is valid for 11 months unless a different period is expressly provided in the appointment form.

CORPORATIONS & PARTNERSHIPS

(d) An appointment of a proxy is revocable by the member. (e) The death or incapacity of the member appointing a proxy does not affect the right of the corporation to accept the proxy’s authority unless notice of the death or incapacity is received by the secretary or other officer or agent authorized to tabulate votes before the proxy exercises authority under the appointment. (f ) Appointment of a proxy is revoked by the person appointing the proxy: (1) Attending any meeting and voting in person; or (2) Signing and delivering to the secretary or other officer or agent authorized to tabulate proxy votes either a writing stating that the appointment of the proxy is revoked or a subsequent appointment form. (g) Subject to Code Section 14-3-727 and any express limitation on the proxy’s authority appearing on the face of the appointment form or in the electronic transmission, a corporation is entitled to accept the proxy’s vote or other action as that of the member making the appointment. (h) Any copy, facsimile transmission, or other reliable reproduction of the writing or electronic transmission created pursuant to subsection (b) of this Code section may be substituted or used in lieu of the original writing or electronic transmission for any and all purposes for which the original writing or electronic transmission could be used, provided that such copy, facsimile transmission, or other reproduction shall be a complete reproduction of the entire original writing or electronic transmission. (i) A corporation may adopt bylaws authorizing additional means or procedures for members to exercise rights granted by this Code section.

History

(Code 1981, § 14-3-724, enacted by Ga. L. 1991, p. 465, § 1; Ga. L. 2004, p. 508, § 37.)

Annotations

COMMENT This section is based on the Model Act and differs from its Business Code counterpart, section 14-2-722, in several respects. First, any proxy under this Code is revocable. The Business Code concept of irrevocable proxies ‘‘coupled with an interest’’ is inapposite in the nonprofit corporation context. In addition, this section makes explicit that revocation occurs by attending the meeting and voting in person, while the Business Code omitted such language ‘‘as surplusage.’’ See Comment to section 14-2-722.

RESEARCH REFERENCES Am. Jur. 2d. - 18A Am. Jur. 2d, Corporations, § 885 et seq. C.J.S. - 18 C.J.S., Corporations, §§ 456 et seq., 472 et seq. 19 C.J.S., Corporations, § 524 et seq.

ALR. - Revocability of proxy to vote stock, 159 ALR 307. Transfer of, and voting rights in, stock of co-operative apartment association, 99 ALR2d 236.

Notes of Decisions
Cited in 1 case, 1999–1999 · leading case: Enchanted Valley RV Park Resort, Ltd. v. Weese, 526 S.E.2d 124 (Ga. Ct. App. 1999).
Enchanted Valley RV Park Resort, Ltd. v. Weese, 526 S.E.2d 124 (Ga. Ct. App. 1999). · cites it 4× “(c) The vote by the Association members by proxy had authorization under OCGA § 14-3-724. Either the corporate secretary or other officer had authority to receive and to tabulate votes, and the record showed evidence that an officer received such proxies for the December 6…”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.