O.C.G.A.

O.C.G.A. § 14-4-62 (2019)

Continuous succession; term of articles of incorporation or charter

✓ 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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Corporations shall have continuous succession during the time limited by their articles of incorporation or charters, notwithstanding the death of their members. Should any articles of incorporation or charter granted to a private corporation be silent as to its continuance, such articles of incorporation or charter shall expire at the end of 30 years from the date of its grant by the Secretary of State.

History

(Orig. Code 1863, § 1632; Code 1868, § 1677; Code 1873, § 1678; Code 1882, § 1678; Civil Code 1895, § 1851; Civil Code 1910, § 2215; Code 1933, § 22-702; Code 1933, § 22-4108, enacted by Ga. L. 1968, p. 565, § 1.)

Annotations

RESEARCH REFERENCES Am. Jur. 2d. - 18 Am. Jur. 2d, Corporations, § 71. C.J.S. - 18 C.J.S., Corporations, § 67.

ALR. - Extension or renewal of period of corporate existence, 108 ALR 59.