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

O.C.G.A. § 33-16-6 (2019)

Board of directors 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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In companies organized under this chapter, the number of directors shall be not less than three. A majority of the board of directors shall be a quorum for the transaction of business. No person shall be or act as a director of the insurer who does not have insurance in force in the insurer.

History

Code 1933, § 56-2013, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2012, p. 1040, § 1/SB 203; Ga. L. 2019, p. 337, § 1-78/SB 132.

The 2019 amendment, effective July 1, 2019, deleted ‘‘currently effective’’ following ‘‘who does not have’’ in the last sentence of this Code section.

Annotations

The 2019 amendment, effective July 1, 2019, deleted "currently effective" following "who does not have" in the last sentence of this Code section.

Editor's notes. - Ga. L. 2012, p. 1040, § 1/SB 203, effective July 1, 2012, reenacted this Code section without change.