Georgia § 14-3-1410 Claims pending prior to dissolution of a corporation

Georgia Statutes

§ 14-3-1410 — Claims pending prior to dissolution of a corporation

Georgia § 14-3-1410

Title14

This text of Georgia § 14-3-1410 (Claims pending prior to dissolution of a corporation) 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. § 14-3-1410 (2026).

Text

The dissolution of a corporation in any manner, except by a decree of the superior court when the court has supervised the liquidation of the assets and business of the corporation as provided in Code Sections 14-3-1430 and 14-3-1433 , shall not take away or impair any remedy available to such corporation or its directors, officers, or members for any right or claim existing prior to such dissolution if an action or other proceeding thereon is pending on the date of such dissolution or is commenced within two years after the date of such dissolution. Any such action or proceeding by the corporation may be prosecuted by the corporation in its corporate name. The members, directors, and officers shall have the power to take such corporate or other action as shall be appropriate to protect su

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

The dissolution of a corporation in any manner, except by a decree of the superior court when the court has supervised the liquidation of the assets and business of the corporation as provided in Code Sections 14-3-1430 and 14-3-1433 , shall not take away or impair any remedy available to such corporation or its directors, officers, or members for any right or claim existing prior to such dissolution if an action or other proceeding thereon is pending on the date of such dissolution or is commenced within two years after the date of such dissolution. Any such action or proceeding by the corporation may be prosecuted by the corporation in its corporate name. The members, directors, and officers shall have the power to take such corporate or other action as shall be appropriate to protect such remedy, right, or claim.

Legislative History

Renumbered from §14-3-1409.1by 2023 Ga. Laws 260,§ 1-1, eff. 7/1/2023. Amended by 2010 Ga. Laws 624,§ 14, eff. 6/3/2010. Added by 2004 Ga. Laws 533, § 58, eff. 7/1/2004. Renumbered as §14-3-1411by 2023 Ga. Laws 260,§ 1-1, eff. 7/1/2023.