O.C.G.A.

O.C.G.A. § 7-2-3 (2019)

Adoption and amendment of bylaws

✓ 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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(a) At its organizational meeting, the membership of the corporation shall adopt bylaws to govern the operations of the corporation. These bylaws shall be submitted to the department for approval and, if found to be consistent with this chapter, conducive to the purposes for which the corporation was formed, and equitable to all members, the bylaws shall be approved by the department. (b) The original bylaws shall be adopted by and may thereafter be amended by a vote of at least a majority of the members present and voting at any regular meeting or special meeting called for such purpose. Bylaws may also be amended by the vote of at least two-thirds of the members of the board of directors of the corporation. Amendments adopted by the board may be rescinded at the next regular or special meeting of the members in the same manner as is provided for adoption of amendments by the members.

History

Ga. L. 1974, p. 545, § 3; Ga. L. 1989, p. 1690, § 1.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. 18A Am. Jur. 2d, Corporations, §§ 308 et seq., 321, 322.

C.J.S. 18 C.J.S., Corporations, § 157 et seq.