In furtherance of its purposes and in addition to the powers now or hereafter conferred on business corporations by the laws of this state, the corporation shall, subject to the restrictions and limitations contained in this Code section, have the following powers:
History. Code 1981, § 7-1-945 , enacted by Ga. L. 1988, p. 804, § 1; Ga. L. 1989, p. 1641, § 3; Ga. L. 2004, p. 690, § 2.
Editor’s notes.
Ga. L. 1989, p. 1641, § 18, not codified by the General Assembly, provides that: “In the event of any substantive conflict between this Act and any other Act of the 1989 General Assembly, such other Act shall control over this Act.”
Code Commission notes.
Pursuant to Code Section 28-9-5, in 1988, “business” was substituted for “businesses” following “any small minority” near the beginning of paragraph (6).
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