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2017 Georgia Code
Title 46 - Public Utilities and Public Transportation
Chapter 8 - Railroad Companies
Article 3 - Incorporation and Consolidation of Railroad Companies and Requirements as to Directors and Officers
Part 1 - Incorporation, Organization, Subscription of Capital Stock, Selection of Officers and Directors
§ 46-8-52. Exemption of property of stockholders from debts or liabilities of corporation
Universal Citation: GA Code § 46-8-52 (2017)
All property, whether real or personal, of any stockholder in this state shall be exempt from the debts or liabilities of a railroad corporation, provided that this exemption shall not operate as to the amount of the unpaid subscription of the stockholder to the capital stock of the corporation.
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