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O.C.G.A. § 33-14-45 — Classes of common or preferred shares | Georgia Code
O.C.G.A. § 33-14-45 (2018) Copy Cite Official Site Syfertize CourtListener Scholar Amendments

TITLE 33 INSURANCE

Section 14. Domestic Stock and Mutual Insurers, 33-14-1 through 33-14-109.

ARTICLE 2 DOMESTIC STOCK INSURERS

33-14-45. Classes of common or preferred shares.

A domestic stock insurer may have one or more classes of common or preferred shares, all of which shall be shares with par value in accordance with paragraph (5) of subsection (b) of Code Section 33-14-4 and any or all of which may, subject to any restrictions of this title, consist of shares with full, limited, multiple, fractional, or no voting rights and such designations, preferences, qualifications, privileges, limitations, redemption provisions (in the case of preferred shares), options, conversion rights, and other special rights as shall be stated in this article.Except as otherwise stated in this article, this title, or other applicable laws, each share shall be equal in all respects to every other share.

(Code 1981, §33-14-45, enacted by Ga. L. 1994, p. 694, § 2.)

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- For note on the 1994 enactment of this Code section, see 11 Ga. St. U.L. Rev. 196 (1994).

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This Georgia Code resource is curated by the attorney maintaining this site, a personal injury and workers' compensation attorney admitted in Georgia (State Bar of Georgia No. 881027, since 2006) and Florida. Attorney Syfert regularly works with Title 33 in the context of Georgia insurance coverage law and represents clients throughout Northeast Florida and South Georgia. For legal consultation, call 904-383-7448.