Georgia Statutes
§ 14-2-1021 — Bylaw increasing quorum or voting requirement for shareholders
Georgia·Title 14
(a)Except as provided in subsection (b) of Code Section 14-2-1020 , a bylaw adopted by the shareholders may fix a greater quorum or voting requirement for shareholders (or voting groups of shareholders) than is required by this chapter. A bylaw in effect on July 1, 1989, fixing a greater quorum or voting requirement for shareholders (or voting groups of shareholders) than is required by this chapter shall remain valid until amended or repealed as provided in subsection (b) of this Code section.
(b)Except as provided in Code Section 14-2-1020 , 14-2-1113 , or 14-2-1133 , a bylaw adopted by the shareholders that fixes a greater quorum or voting requirement for shareholders under subsection (a) of this Code section shall not be adopted, amended, or repealed by the board of directors.
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Legislative History
Amended by 2008 Ga. Laws 452,§ 6, eff. 5/6/2008.
Nearby Sections
15
§ 14-10-1
Short title§ 14-10-10
Ownership§ 14-10-17
Actions by or against associations§ 14-10-2
Definitions§ 14-10-3
Persons entitled to form association; purpose; limitation to one type of professional service§ 14-10-4
Formation