Georgia Code
Part 12 - Management
§ 7-1-490. Responsibility of Directors and Officers; Delegation of Investment Decisions

History. Code 1933, § 41A-2211, enacted by Ga. L. 1974, p. 705, § 1; Ga. L. 1977, p. 730, § 7; Ga. L. 1982, p. 3, § 7; Ga. L. 2017, p. 693, § 1/HB 192; Ga. L. 2019, p. 1056, § 7/SB 52.
The 2019 amendment, effective May 12, 2019, part of an Act to revise, modernize, and correct the Code, revised punctuation in the introductory language of subsection (b).
Editor’s notes.
Ga. L. 2017, p. 693, § 4/HB 192, not codified by the General Assembly, provides that: “This Act shall apply only to causes of action arising on or after July 1, 2017.”
Law reviews.
For article, “2013 Georgia Corporation and Business Organization Case Law Developments,” see 19 Ga. St. B.J. 28 (April 2014).
For annual survey on business associations, see 66 Mercer L. Rev. 15 (2014).
For article, “2014 Georgia Corporation and Business Organization Case Law Developments,” see 20 Ga. St. Bar. J. 26 (April 2015).
For annual survey of business associations, see 67 Mercer L. Rev. 15 (2015).
For article on the 2017 amendment of this Code section, see 34 Ga. St. U.L. Rev. 1 (2017).
For annual survey on trial practice and procedure, see 69 Mercer L. Rev. 321 (2017).

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