Georgia Code
Part 1 - Corporations
§ 53-12-181. Amendment of Articles of Incorporation to Exclude Application of Code Section 53-12-180

Any corporation which is a private foundation may amend its articles of incorporation expressly to exclude the application of Code Section 53-12-180 or any portion thereof in the manner provided by Article 10 of Chapter 2 of Title 14 or Article 8 of Chapter 3 of Title 14, whichever is applicable.
History. Code 1981, § 53-12-181 , enacted by Ga. L. 2010, p. 579, § 1/SB 131.
Code Commission notes.
Pursuant to Code Section 28-9-5, in 2010, Code Section 53-112-181, as enacted by Ga. L. 2010, p. 579, § 1, was redesignated as Code Section 53-12-181.

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Structure Georgia Code

Georgia Code

Title 53 - Wills, Trusts, and Administration of Estates

Chapter 12 - Trusts

Article 10 - Private Foundations

Part 1 - Corporations

§ 53-12-180. Automatic Amendment of Articles of Incorporation of Corporate Private Foundation

§ 53-12-181. Amendment of Articles of Incorporation to Exclude Application of Code Section 53-12-180

§ 53-12-182. Effect of Code Sections 53-12-180 and 53-12-181 as to Forfeiture or Reversion of Trust Property

§ 53-12-183. Election of Private Foundation to Distribute Such Property as Will Enable Corporation to Avoid Tax Liability

§ 53-12-184. Effect of Code Sections 53-12-180 Through 53-12-183 on Powers of the Courts or the Attorney General