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2021 Georgia Code
Title 46 - Public Utilities and Public Transportation
Chapter 3 - Electrical Service
Article 4 - Electric Membership Corporations and Foreign Electric Cooperatives
Part 2 - Corporate Purposes and Powers
§ 46-3-203. Unauthorized Assumption of Corporate Powers
Universal Citation:
GA Code § 46-3-203 (2021)
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All persons who assume to act as an electric membership corporation before the Secretary of State has issued the certificate of incorporation to the incorporator or incorporators or his or their attorney shall be jointly and severally liable for all debts and liabilities incurred or arising as a result thereof.
(Code 1933, § 34C-204, enacted by Ga. L. 1981, p. 1587, § 1.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 19 Am. Jur. 2d, Corporations, §§ 1521-1634.
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