Your Trusted Partner in Personal Injury & Workers' Compensation
Call Now: 904-383-7448(Code 1933, § 34C-509, enacted by Ga. L. 1981, p. 1587, § 1.)
- Electric membership corporation (EMC) board's proxy voting bylaw amendment violated the terms of a settlement agreement reached between the EMC and the corporation's members because the amendment significantly changed the conditions under which the parties' agreed-upon plan for proposing proxy voting to the members was implemented. It therefore violated the spirit if not the letter of the agreement in contravention of O.C.G.A. § 13-4-20. Brown v. Pounds, 289 Ga. 338, 711 S.E.2d 646 (2011).
- 19 Am. Jur. 2d, Corporations, §§ 993-998, 1012-1014, 1372, 1373.
- 18 C.J.S., Corporations, § 370.
No results found for Georgia Code 46-3-265.