As used in this chapter, the term:
History. Code 1981, § 10-5-2 , enacted by Ga. L. 2008, p. 381, § 1/SB 358; Ga. L. 2017, p. 774, § 10/HB 323; Ga. L. 2020, p. 156, § 8/SB 462.
The 2017 amendment, effective May 9, 2017, part of an Act to revise, modernize, and correct the Code, substituted “the ‘Georgia Securities Act of 1973,”’ for “the ‘Georgia Securities Act of 1973’,” in the middle of paragraph (25).
The 2020 amendment, effective June 30, 2020, substituted “installment loan” for “industrial loan” preceding “company” in division (7)(B)(iii). See the Editor’s notes for applicability.
Cross references.
Designation of Secretary of State as commissioner of securities, § 10-5-10 .
Code Commission notes.
Pursuant to Code Section 28-9-5, in 2008, “July 1, 2009” was substituted for “the effective date of this chapter” in paragraph (25).
Editor’s notes.
Ga. L. 2020, p. 156, § 10/SB 462, not codified by the General Assembly, provides that: “This Act shall apply to all installment loan agreements entered into on and after July 1, 2020.”
Law reviews.
For article on the definition of a security in light of the “Georgia Securities Act of 1973” and the need for maximizing investor protection, see 30 Emory L.J. 73 (1981).
For article, “Uniformity under the Securities Laws: Regulation D and the New Georgia Uniform Limited Offering Exemption,” see 19 Ga. St. B. J. 74 (1982).
For annual survey of law of business associations, see 56 Mercer L. Rev. 77 (2004).
For survey of 11th Circuit securities regulation cases, see 56 Mercer L. Rev. 1341 (2005).
For article, “The Georgia Uniform Securities Act of 2008: An Analysis of Significant Changes to Georgia’s Blue Sky Law,” see 14 (No. 6) Ga. St. B. J. 18 (2009).
For note, “Regulation of the Franchise as a Security,” see 19 J. of Pub. L. 105 (1970).
For note discussing the classification of pyramid marketing scheme contracts as securities prior to enactment of Georgia Securities Act of 1973, see 21 J. of Pub. L. 445 (1972).
For note discussing standards used by Georgia courts to define securities, and their application, see 31 Mercer L. Rev. 333 (1979).
For note, “The Economic Realities of Condominium Registration Under the Securities Act of 1933,” see 19 Ga. L. Rev. 747 (1984).
For comment, the purchase of all the shares of stock of a business is not the purchase of a “security” within the meaning of the Federal Securities Act of 1933 or the Georgia Securities Act of 1973, see 30 Emory L.J. 1212 (1981).