As used in this chapter, the term:
(13.1) “Foreign limited liability company” means a limited liability company formed under the laws of a jurisdiction other than this state.
(16.1) “Limited liability company” means any limited liability company formed under Chapter 11 of this title.
History. Code 1981, § 14-2-140 , enacted by Ga. L. 1988, p. 1070, § 1; Ga. L. 1989, p. 946, § 5; Ga. L. 1990, p. 257, § 1; Ga. L. 1993, p. 1231, § 1; Ga. L. 1995, p. 482, § 1; Ga. L. 1996, p. 1203, § 2; Ga. L. 1999, p. 405, § 3; Ga. L. 2004, p. 508, § 1; Ga. L. 2005, p. 60, § 14/HB 95; Ga. L. 2008, p. 381, § 7/SB 358; Ga. L. 2016, p. 225, § 2-1/SB 128; Ga. L. 2020, p. 305, § 2-1/HB 230; Ga. L. 2022, p. 352, § 14/HB 1428.
The 2016 amendment, effective July 1, 2016, added paragraphs (13.1) and (16.1).
The 2020 amendment, effective January 1, 2021, inserted “, including, but not limited to, a benefit corporation, social purpose corporation, or a substantially similar entity,” in the middle of paragraph (13).
The 2022 amendment, effective May 2, 2022, part of an Act to revise, modernize, and correct the Code, substituted “email” for “e-mail” in the last sentence of paragraph (9).
Cross references.
Status of corporations as persons, § 1-2-1 .
Law reviews.
For article discussing “earned” surplus and “capital” surplus concepts under Georgia Business Corporation Code, see 3 Ga. L. Rev. 11 (1968).
For article discussing rights granted owners of unpaid and partly paid shares under the Georgia Business Corporation Code, see 3 Ga. L. Rev. 11 (1968).
For article discussing treasury shares and restrictions placed upon their use by a corporation, see 3 Ga. L. Rev. 11 (1968).
For article discussing “stated capital” concept under the Georgia Business Corporation Code, see 3 Ga. L. Rev. 11 (1968).
For article, “Foreign Corporations in Georgia,” see 10 Ga. St. B.J. 243 (1973).
For article discussing establishment and transaction of business in Georgia by a foreign corporation, see 27 Mercer L. Rev. 629 (1976).
For review of 1996 corporation, partnership, and association legislation, see 13 Ga. St. U. L. Rev. 70.