Corporations shall have continuous succession during the time limited by their articles of incorporation or charters, notwithstanding the death of their members. Should any articles of incorporation or charter granted to a private corporation be silent as to its continuance, such articles of incorporation or charter shall expire at the end of 30 years from the date of its grant by the Secretary of State.
(Orig. Code 1863, § 1632; Code 1868, § 1677; Code 1873, § 1678; Code 1882, § 1678; Civil Code 1895, § 1851; Civil Code 1910, § 2215; Code 1933, § 22-702; Code 1933, § 22-4108, enacted by Ga. L. 1968, p. 565, § 1.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 18 Am. Jur. 2d, Corporations, § 71.
C.J.S.- 18 C.J.S., Corporations, § 67.
ALR.
- Extension or renewal of period of corporate existence, 108 A.L.R. 59.