{"data":{"id":"us-ga/o.c.g.a.-14-2-926","jurisdiction":"us-ga","citation":"O.C.G.A. § 14-2-926","heading":"Limited liability.","body":"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.","path":["TITLE 14 Corporations, Partnerships, and Associations","CHAPTER 2 Business Corporations","Article 9 Close Corporations","PART 3 Governance"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.14.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"1121fe47a75ce722e765af8cb6f5778a60f7ff7938a8ee10ed4d5048819506fc","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-14-2-925","next":"us-ga/o.c.g.a.-14-2-930"},"notice":"GroundRules: Original legal text. Not legal advice."}