Georgia § 14-2-1111 Additional business combination approval

Georgia Statutes

§ 14-2-1111 — Additional business combination approval

Georgia § 14-2-1111

Title14

This text of Georgia § 14-2-1111 (Additional business combination approval) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 14-2-1111 (2026).

Text

In addition to any vote otherwise required by law or the articles of incorporation of the corporation, a business combination shall be:

(1)Unanimously approved by the continuing directors, provided that the continuing directors constitute at least three members of the board of directors at the time of such approval; or (2) Recommended by at least two-thirds of the continuing directors and approved by a majority of the votes entitled to be cast by holders of voting shares, other than voting shares beneficially owned by the interested shareholder who is, or whose affiliate is, a party to the business combination.

Free access — add to your briefcase to read the full text and ask questions with AI

In addition to any vote otherwise required by law or the articles of incorporation of the corporation, a business combination shall be: (1) Unanimously approved by the continuing directors, provided that the continuing directors constitute at least three members of the board of directors at the time of such approval; or (2) Recommended by at least two-thirds of the continuing directors and approved by a majority of the votes entitled to be cast by holders of voting shares, other than voting shares beneficially owned by the interested shareholder who is, or whose affiliate is, a party to the business combination.