History. Code 1981, § 14-2-640 , enacted by Ga. L. 1988, p. 1070, § 1.
Cross references.
Criminal responsibility of corporations, § 16-2-22 .
Personal liability of corporate officer or employee for tax delinquency, § 48-2-52 .
Law reviews.
For note discussing effect of Georgia law on dividend restrictions, see 24 Ga. B. J. 254 (1961).
For article discussing distributions from capital surplus to shareholders, see 3 Ga. L. Rev. 11 (1968).
For article discussing “earned” surplus and “capital” surplus concepts under Georgia Business Corporation Code, see 3 Ga. L. Rev. 11 (1968).
For article discussing corporation director’s liability for improper payments to shareholders, see 3 Ga. L. Rev. 11 (1968).
For article discussing liability of corporate directors, officers, and shareholders under the Georgia Business Corporation Code, and as affected by provisions of the Georgia Civil Practice Act, see 7 Ga. St. B.J. 277 (1971).