Georgia Code
Part 1 - Incorporation, Organization, Subscription of Capital Stock, Selection of Officers and Directors
§ 46-8-51. Indemnification of Persons by Railroad Corporation; Advance of Expenses; Insuring Against Liabilities; Reports of Payments to Shareholders; Provisions Eliminating or Limiting Liability of Director

No such provision shall eliminate or limit the liability of a director for any act or omission occurring prior to the date when such provision becomes effective.
History. Ga. L. 1969, p. 589, § 7; Ga. L. 1982, p. 3, § 46; Ga. L. 1987, p. 849, § 6; Ga. L. 1989, p. 946, § 114.

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Structure Georgia Code

Georgia Code

Title 46 - Public Utilities and Public Transportation

Chapter 8 - Railroad Companies

Article 3 - Incorporation and Consolidation of Railroad Companies and Requirements as to Directors and Officers

Part 1 - Incorporation, Organization, Subscription of Capital Stock, Selection of Officers and Directors

§ 46-8-40. Grant of Corporate Powers and Privileges to Railroad Companies by Secretary of State; Procedure in Case of Disqualification of Secretary of State

§ 46-8-41. Procedures Regarding Preparation of Petition for Incorporation; Filing of Petition and Affidavit With Secretary of State; Endorsement by Secretary of State; Allowance for Public Inspection of Petition and Affidavit

§ 46-8-42. Certificate of Incorporation; Duration of Corporate Existence; Fee for Issuance of Certificate

§ 46-8-43. Duties of Secretary of State Prior to Issuance of Certificate of Incorporation; Certificate or Duplicate Thereof as Evidence of Existence of Corporation and Compliance With Chapter

§ 46-8-44. Subscription to Capital Stock; Par Value of Stock; Subscription to All Capital Stock as Prerequisite to Beginning Railroad Construction

§ 46-8-45. Payment of Subscriptions; Procedure by Directors in Case of Default by Subscriber

§ 46-8-46. Procedures Regarding Organizational Meeting; Qualifications of Directors; Selection of Officers and Agents; Annual Election of Directors; Filling of Vacancies on Board

§ 46-8-47. Determination of Directors’ Compensation; Appointment of Chairman and Vice-Presidents; Time and Place of Board Meetings; Procedures Regarding Board Meetings

§ 46-8-48. Creation of Executive Committee and Other Committees; Powers of Committees; Designation of Alternate Members of Committees; Committee Action by Majority Vote

§ 46-8-49. Action by Board or Committee Thereof or by Shareholder or Committee Thereof by Written Consent of Members Without Meeting

§ 46-8-50. Combination of Offices of Corporation; Election of Officers by Shareholders; Terms of Office; Powers and Duties of Officers; Authority of Chairman or President as to Legal Proceedings

§ 46-8-51. Indemnification of Persons by Railroad Corporation; Advance of Expenses; Insuring Against Liabilities; Reports of Payments to Shareholders; Provisions Eliminating or Limiting Liability of Director

§ 46-8-52. Exemption of Property of Stockholders From Debts or Liabilities of Corporation

§ 46-8-53. Procedure for Issuing Bonds or Increasing Capital Stock

§ 46-8-54. Adoption of Title by Railroad Companies Incorporated, or by Persons Owning or Operating a Railroad, Prior to December 17, 1892

§ 46-8-55. Standard of Care for Directors and Officers in Discharge of Duties; Reliance Upon Financial Information