Title 14, Chapter 2, Section 626
(a) Unless the articles of incorporation or bylaws provide
otherwise, the board of directors of a corporation may authorize the
issue of some or all of the shares of any or all of its classes or
series without certificates. The authorization does not affect
shares already represented by certificates until they are
surrendered to the corporation.
(b) Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by subsection (b) of Code Section 14-2-625 and, if applicable, Code Section 14-2-627.