Georgia Code
Article 12 - Sale, Encumbrance, or Other Disposition of Assets
§ 14-3-1201. Sale or Other Disposal of Assets in Usual Course of Activities; Mortgage or Other Encumbrance of Assets

Unless otherwise provided by this chapter, the articles, or bylaws, a corporation may on the terms and conditions, for the consideration determined by the board of directors, and without the approval of the members or any other person:
History. Code 1981, § 14-3-1201 , enacted by Ga. L. 1991, p. 465, § 1.