Georgia Statutes

§ 46-3-292 — Provisional director

Georgia·Title 46
(a)If the directors of an electric membership corporation are deadlocked in the management of the corporate affairs and if injury to the electric membership corporation is being suffered or is threatened by reason thereof, the superior court of the county where the registered office of the electric membership corporation is located may appoint a provisional director pursuant to this Code section, notwithstanding any provisions of the articles of incorporation or bylaws of the electric membership corporation to the contrary and whether or not an action is pending for an involuntary dissolution of the electric membership corporation.
(b)Action for such appointment may be filed by one-half of the directors or by not less than 25 members, except that, if the electric membership corporation h

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