2010 Georgia Code 14-2-1111 Case Law
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One Click Case Law for § 14-2-1111
O.C.G.A. § 14-2-1110 <-- --> O.C.G.A. §14-2-1112



2010 Georgia Code

TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 2 - BUSINESS CORPORATIONS
ARTICLE 11 - MERGER AND SHARE EXCHANGE
PART 2 - FAIR PRICE REQUIREMENTS
§ 14-2-1111 - Additional business combination approval

O.C.G.A. 14-2-1111 (2010)
14-2-1111. Additional business combination approval


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.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com