Distributions Prohibited

  1. Law
  2. Georgia Code
  3. Corporations, Partnerships, and Associations
  4. Nonprofit Corporations
  5. Distributions
  6. Distributions Prohibited

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Except as provided in Code Section 14-3-1302 and Article 14 of this chapter, a corporation shall not make any distributions.

(Code 1981, §14-3-1301, enacted by Ga. L. 1991, p. 465, § 1.)


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