O.C.G.A.

O.C.G.A. § 2-10-85 (2019)

Amendment of 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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Amendments of the charter may be authorized at any regular meeting of the stockholders or members or at any special meeting called for that purpose. An amendment must first be approved by two-thirds of the directors and then adopted by a vote representing a majority of a quorum of the members attending a meeting, for which notice of the proposed amendment shall have been given. Amendments to the charter, when so adopted, shall be applied for and secured in accordance with the provisions of the general corporation laws for the amendment of charters of corporations incorporated by the Secretary of State, as provided in Title 14.

History

Ga. L. 1921, p. 139, § 7; Code 1933, § 65-204; Ga. L. 1980, p. 635, § 2.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. - 18 Am. Jur. 2d, Cooperative Associations, § 16. C.J.S. - 3 C.J.S., Agriculture, § 172. ALR. - Cooperative associations: va-

lidity and enforceability of bylaw amendment reducing benefits available to members, 61 A.L.R.3d 976.