There is a newer version of the Georgia Code
2010 Georgia Code
TITLE 7 - BANKING AND FINANCE
CHAPTER 1 - FINANCIAL INSTITUTIONS
ARTICLE 12 - SMALL MINORITY BUSINESS DEVELOPMENT CORPORATIONS
§ 7-1-948 - Duration of membership; withdrawal
O.C.G.A. 7-1-948 (2010)7-1-948. Duration of membership; withdrawal
(a) Membership in the corporation shall be for the duration of the corporation, provided that, upon written notice given to the corporation two years in advance, a member may withdraw from membership in the corporation at the expiration of such notice.
(b) A member shall not be obligated to make any loans to the corporation pursuant to calls made subsequent to notice of the intended withdrawal of said member.
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