Georgia Code
Part 2 - Issuance of Shares
§ 14-2-624. Share Options

provided, however, that the resolution authorizing such officer or officers shall specify the total number of rights, options, or warrants such authorized officer or officers may award. The board of directors may not authorize an officer to designate himself or herself as a recipient of any rights, options, or warrants.
History. Code 1981, § 14-2-624 , enacted by Ga. L. 1988, p. 1070, § 1; Ga. L. 1989, p. 946, § 16; Ga. L. 2000, p. 1567, § 3; Ga. L. 2001, p. 4, § 14; Ga. L. 2003, p. 897, § 4; Ga. L. 2004, p. 508, § 5.
Law reviews.
For article discussing treasury shares and restrictions placed upon their use by the corporation, see 3 Ga. L. Rev. 11 (1968).
For article discussing corporate authority to create and issue share rights and options, see 3 Ga. L. Rev. 11 (1968).
For article, “Some Distinctive Features of the Georgia Business Corporation Code,” 28 Ga. St. B. J. 101 (1991).
For comment on the survivability of the dead hand provision in corporate America, see 48 Emory L.J. 991(1999).
For comment, “Poison Pills: Are Dead Hand Pills Dead in Georgia?,” see 50 Mercer L. Rev. 809 (1999).
For note on 2000 amendment of O.C.G.A. § 14-2-624 , see 17 Ga. St. U. L. Rev. 46 (2000).
For comment, “Locking the Boardroom Dorr: What Can Georgia Courts Learn from Recent Delaware Poison Pill Decisions,” see 32 Georgia St. U. L. Rev. 727 (2016).

Structure Georgia Code