lawskills
Loading
Did you know you can download our entire database for free?


Resources
[more] 

Georgia Caselaw:
Browse
Greatest Hits

Georgia Code: Browse

(external) Findlaw Georgia Law Resources


This site exists because of donors like you.

Thanks!


Georgia State Code
Title      14
Chapter       2  
Section Navigation   101 ... 126       127 ... 201   
 201.1 ... 303       304 ... 601   
   602 ... 626       627 ... 704   
   705 ... 726       727 ... 742   
   743 ... 805       806 ... 823   
   824 ... 844       850 ... 859   
   860 ... 912         913 ... 924   
   925 ... 943       950 ... 1008  
  1009 ... 1105.1   1106 ... 1131  
  1132 ... 1322     1323 ... 1402  
  1403 ... 1420     1421 ... 1502  
  1503 ... 1530     1531 ... 1622  
  1701 ... 1703    
Section<<< 913 914 915 916 917 920 921 922 923 924 >>>  
Title 14, Chapter 2, Section 913 (14-2-913)

(a) An attempt to transfer shares in a statutory close corporation in violation of a prohibition against transfer binding on the transferee is ineffective.

(b) An attempt to transfer shares in a statutory close corporation in violation of a prohibition against transfer that is not binding on the transferee, either because the notice required by Code Section 14-2-910 was not given or because the prohibition is held unenforceable by a court, gives the corporation an option to purchase the shares from the transferee for the same price and on the same terms that he purchased them; provided, however, that in the case of a gift, the purchase shall be at a price and upon terms which are agreed upon by the parties, or if no agreement is reached, then at the fair value of the shares and upon terms as determined by a court in accordance with standards set forth in Code Section 14-2-942. To exercise its option, the corporation must give the transferee written notice within 30 days after they are presented for registration in the transferee's name. The corporation may specifically enforce the transferee's sale obligation upon exercise of its purchase option.

Sunday May 24 00:52 EDT


This site exists because of donors like you.

Thanks!


Valid HTML 4.0!

Valid CSS!





Home - Tour - Disclaimer - Privacy - Contact Us
Copyright © 2000,2002,2004 Lawskills.com