GroundRules
O.C.G.A. § 14-3-864: Effect of court approval of transaction.
Where this section sits in the code
- TITLE 14 Corporations, Partnerships, and Associations
- CHAPTER 3 Nonprofit Corporations
- Article 8 Directors and Officers
- PART 6 Conflicting Interest Transactions
In a case involving a corporation described in paragraph (2) of subsection (a) of Code Section 14-3-1302, 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) 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.
Collected 2026-09-17T18:57:12Z. Source file · JSON
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