Statutes, codes, and regulations
CODE OF GEORGIA
Title 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONSChapter 3 - NONPROFIT CORPORATIONS
Article 13 - DISTRIBUTIONS
Section 14-3-1301 - Dividends and distributions prohibited

Ga. Code § 14-3-1301

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Current through 2023-2024 Legislative Session Chapter 709
Section 14-3-1301 - Dividends and distributions prohibited

Except as provided in Code Section 14-3-1302 and Article 14 of this chapter, a corporation shall not pay dividends to or make distributions of any part of its assets, income, or profits to its members, directors, or officers.

OCGA § 14-3-1301

Amended by 2023 Ga. Laws 260,§ 1-1, eff. 7/1/2023.