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Except as provided in Code Section 14-3-1302 and Article 14 of this chapter, a corporation shall not make any distributions. History. Code 1981, § 14-3-1301 , enacted by Ga. L. 1991, p. 465, § 1.
Structure Georgia Code
Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 3 - Nonprofit Corporations
Article 13 - Distributions
§ 14-3-1301. Distributions Prohibited
§ 14-3-1302. Exceptions to Prohibition Against Distributions