2020 Georgia Code
Title 10 - Commerce and Trade
Chapter 6 - Agency
Article 2 - Relations Between Principal and Agent
§ 10-6-34. Revocation of Agency - Effect of Death or Disability on Pledge of Stock With Power of Attorney

Universal Citation:
GA Code § 10-6-34 (2020)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

Every creditor or other person advancing money upon the pledge of a certificate of stock or other scrip representing an ownership or interest in corporations in Georgia shall have such an irrevocable interest in such certificate of stock or other scrip as not to be affected by the death, insanity, or legal disability thereafter of the person in whose name such stock or other scrip stands upon the books of any corporation in Georgia; but such pledgee or holder of such stock or scrip assigned in blank, coupled with the power of attorney, shall have the same right after the death, insanity, or legal disability of the person in whose name the stock stands upon the books of the corporation as before the death, insanity, or legal disability of such person.

(Ga. L. 1894, p. 44, § 1; Civil Code 1895, § 3003; Civil Code 1910, § 3575; Code 1933, § 4-214.)

Law reviews.

- For note discussing revocation of proxy upon maker's incapacity, see 17 Ga. St. B. J. 88 (1980).

RESEARCH REFERENCES

ALR.

- Death as revoking power of attorney to transfer corporate stock, 40 A.L.R. 1004.

Disclaimer: These codes may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.