TITLE 14 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Section 4. Secretary of State Corporations, 14-4-1 through 14-4-183.

ARTICLE 3 CORPORATE FINANCE

14-4-41. Authority prerequisite to issuance of stock.

Before any corporation shall avail itself of this article, it shall procure appropriate corporate authority therefor in the manner provided by law. The Secretary of State is authorized to grant such powers to the several classes of corporations of which he has jurisdiction to grant or amend charters.

(Ga. L. 1925, p. 224, § 1; Ga. L. 1926, Ex. Sess., p. 48, § 1; Code 1933, § 22-802; Code 1933, § 22-4502, enacted by Ga. L. 1968, p. 565, § 1.)