Georgia Code
Part 4 - Derivative Proceedings
§ 14-3-741. Standing

A derivative proceeding may be brought either by any director or by any member or members having 5 percent or more of the voting power or by 50 members, whichever is less. A director or members may not commence or maintain a derivative proceeding unless the director or members:
History. Code 1981, § 14-3-741 , enacted by Ga. L. 1991, p. 465, § 1.
Law reviews.
For article with annual survey on business associations, see 73 Mercer L. Rev. 29 (2021).

Structure Georgia Code