Georgia Statutes
§ 14-3-864 — Effect of court approval of transaction
Georgia·Title 14
In a case involving a charitable corporation, a transaction that was not the subject of either directors' action under Code Section 14-3-862 or members' action under Code Section 14-3-863 is effective for purposes of paragraph (3) of subsection (b) of Code Section 14-3-861 if the transaction is approved by the superior court, in an action in which the Attorney General is joined as a party.
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Legislative History
Amended by 2024 Ga. Laws 701,§ 6, eff. 7/1/2024. Amended by 2023 Ga. Laws 260,§ 1-1, eff. 7/1/2023.
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