O.C.G.A.
O.C.G.A.

O.C.G.A. § 33-14-9 (2019)

Powers of corporations generally

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
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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Every corporation organized under this title shall have the same corporate powers as are conferred upon private corporations except where inconsistent with this chapter.

History

Code 1933, § 56-1508, enacted by Ga. L. 1960, p. 289, § 1.

Annotations

Cross references. - Specific limitations upon powers of General Assembly in

regard to corporations, Ga. Const. 1983, Art. III, Sec. VI, Para. V. Business corporations generally, T. 14, C. 2. Secretary of State corporations, T. 14, C. 4.

JUDICIAL DECISIONS Cited in Piedmont Life Ins. Co. v. Bell, 109 Ga. App. 251, 135 S.E.2d 916 (1964). OPINIONS OF THE ATTORNEY GENERAL A mutual insurance company may organize and capitalize a stock company as a subsidiary, provided the prior consent of the Commissioner is obtained

and the conditions indicated in former Code 1933, § 56-1027 (see O.C.G.A. § 33-11-37) are complied with. 1962 Op. Att’y Gen. p. 294.