O.C.G.A.
O.C.G.A.

O.C.G.A. § 14-3-806 (2019)

Staggered terms for directors

✓ 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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The articles or bylaws may provide for staggering the terms of directors by dividing the total number of directors into groups. The terms of office of the several groups need not be uniform.

History

(Code 1981, § 14-3-806, enacted by Ga. L. 1991, p. 465, § 1.)

Annotations

COMMENT

This section is based on the Model Act. Unlike its Business Code counterpart, this section does not limit the number of groups into which the directors may be divided.