Whenever the articles shall have been filed in the office of the Secretary of State and approved by the department and all filing fees and taxes prescribed by law have been paid, said entity shall constitute a corporation. Said corporation shall not be authorized to commence business until its articles are approved by the department. Upon such approval by the department, authorized stock of the corporation may thereafter be issued.
History. Code 1981, § 7-1-942 , enacted by Ga. L. 1988, p. 804, § 1; Ga. L. 1989, p. 1257, § 33; Ga. L. 1990, p. 176, § 2.
Structure Georgia Code
Chapter 1 - Financial Institutions
Article 12 - Small Minority Business Development Corporations
§ 7-1-942. Approval of Articles by Department
§ 7-1-943. Standards for Approval of Articles by Department; Timing
§ 7-1-944. Filing Departmental Approval With Secretary of State
§ 7-1-946. Bond and Stock Holding Authority; Member Loans to Corporation Not Discriminatory
§ 7-1-947. Application for Membership; Requirements for Loans to Corporation; Member Loan Limits
§ 7-1-948. Duration of Membership; Withdrawal
§ 7-1-949. Powers of Shareholders and Members
§ 7-1-950. Amendment of Articles
§ 7-1-951. Board of Directors; Officers and Agents
§ 7-1-952. Setting Apart Net Earnings; Fiscal Year
§ 7-1-953. Deposit of Corporate Funds
§ 7-1-954. Departmental Power Over Corporations
§ 7-1-956. Duration of Corporation; Dissolution
§ 7-1-957. State Indebtedness Not to Be Created
§ 7-1-958. Tax Exemptions, Credits, and Privileges; Occupational License Taxes