As used in this part, the term:
For the purpose of determining whether a person is an interested shareholder, the number of voting shares deemed to be outstanding shall not include any unissued voting shares which may be issuable pursuant to any agreement, arrangement, or understanding, or upon exercise of conversion rights, warrants, or options, or otherwise.
History. Code 1981, § 14-2-1110 , enacted by Ga. L. 1988, p. 1070, § 1; Ga. L. 1989, p. 946, § 52; Ga. L. 1999, p. 405, § 9; Ga. L. 2010, p. 579, § 9/SB 131.