Georgia § 50-7-90 Definitions

Georgia Statutes

§ 50-7-90 — Definitions

Georgia § 50-7-90

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This text of Georgia § 50-7-90 (Definitions) 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. § 50-7-90 (2026).

Text

As used in this Code section, the term:

(1)"Innovation" means the use or incorporation of a new idea, a new or emerging technology, or a new use of existing technology to address a problem, provide a benefit, or otherwise offer a product or service.

(2)"Innovative product or service" means a product or service that includes an innovation.

(3)"Startup" means an entity that:

(A)Once it is operational, intends to:

(i)Offer an innovative product or service as its principal function;

(ii)Be registered as a business entity in Georgia; and (iii) Have its principal place of business in Georgia; and (B) Was created or developed by one or more individuals who have never owned, directly or indirectly, more than 25 percent of any business that has had more than $100,000.00 in gross receipts in a

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As used in this Code section, the term: (1) "Innovation" means the use or incorporation of a new idea, a new or emerging technology, or a new use of existing technology to address a problem, provide a benefit, or otherwise offer a product or service. (2) "Innovative product or service" means a product or service that includes an innovation. (3) "Startup" means an entity that: (A) Once it is operational, intends to: (i) Offer an innovative product or service as its principal function; (ii) Be registered as a business entity in Georgia; and (iii) Have its principal place of business in Georgia; and (B) Was created or developed by one or more individuals who have never owned, directly or indirectly, more than 25 percent of any business that has had more than $100,000.00 in gross receipts in a single year.

Legislative History

Added by 2021 Ga. Laws 161,§ 3, eff. 7/1/2021. Repealed and reserved by 2018 Ga. Laws 289,§ 1, eff. 7/1/2018. Added by 2015 Ga. Laws 186,§ 2, eff. 7/1/2015.