GroundRules
O.C.G.A. § 14-2-1111: Additional business combination approval.
Where this section sits in the code
- TITLE 14 Corporations, Partnerships, and Associations
- CHAPTER 2 Business Corporations
- Article 11 Merger and Share Exchange
- PART 2 Fair Price Requirements
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.
Collected 2026-09-17T18:57:12Z. Source file · JSON
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