Amendment Before Issuance of Shares
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Law
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Georgia Code
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Corporations, Partnerships, and Associations
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Business Corporations
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Amendment of Articles of Incorporation and Bylaws
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Amendment of Articles of Incorporation
- Amendment Before Issuance of Shares
- If a corporation has not yet issued shares, its incorporators or board of directors may adopt one or more amendments to the corporation's articles of incorporation.
- If any amendment before shares are issued makes a material change in the articles of incorporation, nonassenting subscribers for shares shall be entitled to rescind their subscriptions.
(Code 1981, §14-2-1005, enacted by Ga. L. 1988, p. 1070, § 1.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 18A Am. Jur. 2d, Corporations, §§ 397 et seq.
C.J.S. - 18 C.J.S., Corporations, §§ 82 et seq., 273.
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