GroundRules
O.C.G.A. § 14-2-926: Limited liability.
Where this section sits in the code
- TITLE 14 Corporations, Partnerships, and Associations
- CHAPTER 2 Business Corporations
- Article 9 Close Corporations
- PART 3 Governance
The failure of a statutory close corporation to observe the usual corporate formalities or requirements relating to the exercise of its corporate powers or management of its business and affairs is not a ground for imposing personal liability on the shareholders for liabilities of the corporation.
Collected 2026-09-17T19:34:57Z. Source file · JSON