O.C.G.A.

O.C.G.A. § 46-8-52 (2019)

Exemption of property of stockholders from debts or liabilities of corporation

✓ 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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All property, whether real or personal, of any stockholder in this state shall be exempt from the debts or liabilities of a railroad corporation, provided that this exemption shall not operate as to the amount of the unpaid subscription of the stockholder to the capital stock of the corporation.

History

(Ga. L. 1892, p. 37, § 7; Civil Code 1895, § 2165; Civil Code 1910, § 2583; Code 1933, § 94-205.)

Annotations

JUDICIAL DECISIONS Cited in Hilton v. Sylvania & G.R.R., 8 Ga. App. 10, 68 S.E. 746 (1910). RESEARCH REFERENCES Am. Jur. 2d. - 18 Am. Jur. 2d, Corporations, §§ 20, 25, 55-57. 18A Am. Jur. 2d, Corporations, §§ 850-852, 855-857, 859-861, 863-915, 917-924.

C.J.S. - 18 C.J.S., Corporations, §§ 414-421, 423-432. 74 C.J.S., Railroads, §§ 41, 42. 19 C.J.S., Corporations, § 498.