O.C.G.A. § 14-5-51 (2019)
Powers of eleemosynary and religious corporations extended
Any eleemosynary or religious corporation created in this state prior to April 1, 1969, or thereafter chartered is by virtue of its existence authorized, in addition to the propagation of the gospel, to:
(1) Conduct schools for the training of youth;
(2) Own and operate for itself or for others printing plants and publishing houses and any desired methods or means for the dissemination of news and information;
(3) Own and operate hospitals, nursing homes, and any and all kinds of institutions for the alleviation of pain and suffering;
(4) Own and operate for itself or others orphan asylums, old people’s homes, and any and all institutions for the care of the needy and dependent;
(5) Conduct and carry into effect any plan for the care, maintenance, and support of its workers and employees who may have become disabled, been retired, or otherwise made eligible for the benefits of said plan and, in connection therewith, to conduct a plan for the establishment and payment of annuities; and
(6) Do anything and everything necessary and proper for the accomplishment of the objects enumerated in this Code section and, in general, to carry on any lawful business necessary or incident to the attainment of these objects.
History
(Ga. L. 1943, p. 1660, § 1; Code 1933,
CORPORATIONS & PARTNERSHIPS
§ 22-5512, enacted by Ga. L. 1968, p. 565, § 1; Ga. L. 1982, p. 3, § 14.)
Annotations
Editor’s notes. - This chapter was based on Ga. L. 1977, p. 649; Ga. L. 1982,
p. 3; Ga. L. 1982, p. 696; Ga. L. 1982, p. 807; Ga. L. 1983, p. 3; Ga. L. 1984, p. 22.
CORPORATIONS & PARTNERSHIPS
CHAPTER 7 PROFESSIONAL CORPORATIONS Sec.
Short title. Definitions. Election to practice as professional corporation; application. Professional services. Stock.
Administrative rules and regulations. - Professional corporations for certified public accountants, see Official Compilation of Rules and Regulations of State of Georgia, Rules of State Board of Accountancy, Ch. 20-7. Professional corporations for architects, see Official Compilation of Rules and Regulations of State of Georgia, Rules of State Board for Examination, Qualification, and Registration of Architects, Ch. 50-3.
Law reviews. - For survey article on
Sec.
Name. Standards of practice; standards applicable to professional relationship and legal liabilities.
business associations, see 34 Mercer L. Rev. 13 (1982). For article regarding the federal tax and organizational aspects of ‘‘A Partnership of Professional Corporations,’’ see 18 Ga. St. B. J. 108 (1982). For annual survey on business associations, see 35 Mercer L. Rev. 37 (1983). For survey article discussing developments in law of business associations for the period from June 1, 1999 through May 31, 2000, see 52 Mercer L. Rev. 95 (2000).
JUDICIAL DECISIONS Cited in Dixon v. Georgia Indigent Legal Servs., Inc., 388 F. Supp. 1156 (S.D. Ga. 1974). OPINIONS OF THE ATTORNEY GENERAL Issuance of professional corporation shares to employee stock ownership plan trustees. - Professional corporations may issue shares to persons who are trustees of an employees’ stock ownership plan so long as all trustees and all beneficiaries are persons licensed by the state to practice the profession for which the corporation was organized. 1975 Op. Att’y Gen. No. 75-61. Foreign professional corporation not entitled to certificate of authority to transact business in Georgia. 1970 Op. Att’y Gen. No. 70-64.
Optometrists can be required to use personal names for corporations. - The State Board of Examiners in Optometry (now the State Board of Optometry) has the authority to require optometrists who incorporate under the Professional Corporation Act (see now O.C.G.A. § 14-7-1 et seq.) to use only their personal names in naming the professional corporation. 1971 Op. Att’y Gen. No. 71-180.
RESEARCH REFERENCES Am. Jur. 2d. - 18 Am Jur 2d Corporations § 43. ALR. - Professional corporation stock-
holders’ non-malpractice ALR4th 1276.
liability,