2022 Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 3 - Nonprofit Corporations
Article 3 - Purposes and Powers
§ 14-3-301. Purposes of Corporation

Universal Citation: GA Code § 14-3-301 (2022)
  1. 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.
  2. 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.

History. 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 .

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