No member of an electric membership corporation shall, by dissenting from any merger or consolidation to which the electric membership corporation of which he is a member is a party or otherwise, any sale of all or substantially all the assets of such electric membership corporation, or any amendment of such electric membership corporation’s articles of incorporation, have the right to receive any consideration for his membership interest except as provided in the plan of merger or consolidation, the terms of sale, or the amendment of the articles of incorporation.
History. Code 1933, § 34C-1803, enacted by Ga. L. 1981, p. 1587, § 1.
Structure Georgia Code
Title 46 - Public Utilities and Public Transportation
Chapter 3 - Electrical Service
Article 4 - Electric Membership Corporations and Foreign Electric Cooperatives
§ 46-3-261. Liability of Members
§ 46-3-262. Meetings of Members Generally
§ 46-3-263. Notice of Members’ Meetings
§ 46-3-264. Closing of Record Books and Fixing of Record Date
§ 46-3-265. Quorum of Members; Adjournment of Meeting by Majority of Members Represented at Meeting
§ 46-3-266. Voting by Members Generally
§ 46-3-267. Effect of Voting Requirements Provided for in Articles of Incorporation or Bylaws
§ 46-3-268. Voting by Proxy Generally
§ 46-3-269. Dissenters’ Rights