2021 Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 3 - Nonprofit Corporations
Article 3 - Purposes and Powers
§ 14-3-301. Purposes of Corporation
- Every corporation incorporated under this chapter has the purpose of engaging in any lawful activity unless a more limited purpose is set forth in the articles of incorporation.
- A corporation engaging in an activity that is subject to regulation under another statute of this state may incorporate under this chapter only if incorporation under this chapter is not prohibited by the other statute.The corporation shall be subject to all limitations of the other statute.
(Code 1981, §14-3-301, enacted by Ga. L. 1991, p. 465, § 1.)
Cross references.- Corporations organized for religious, fraternal, or educational purposes, § 14-5-40 et seq.
Corporations exempt from state income tax, § 48-7-25.
OPINIONS OF THE ATTORNEY GENERAL
Editor's notes.
- In light of the similarity of the statutory provisions, opinions under former Code Section 14-3-20, are included in the annotations for this Code section.
Acquiring funds or property for donation to state agency.
- A nonprofit corporation may be organized under Georgia law for the purpose of raising funds or acquiring property to donate to an agency or organization of Georgia state government. 1987 Op. Att'y Gen. No. 87-24 (decided under former § 14-3-20).
RESEARCH REFERENCES
Am. Jur. 2d.
- 18A Am. Jur. 2d, Corporations, § 158 et seq.
C.J.S.- 7 C.J.S., Associations, § 2. 10 C.J.S., Beneficial Associations, § 7. 18 C.J.S., Corporations, § 53 et seq.
ALR.- Nonprofit purposes and character which warrant creation of nonprofit corporation, 16 A.L.R.2d 1345.
