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Georgia State Code
Title      14
Chapter       3  
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Section<<< 1201 1202 1301 1302 1401 1402 1403 1404 1404.1 1405 >>>  
Title 14, Chapter 3, Section 1201 (14-3-1201)

Unless otherwise provided by this chapter, the articles, or bylaws, a corporation may on the terms and conditions, for the consideration determined by the board of directors, and without the approval of the members or any other person:

(1) Sell, lease, exchange, or otherwise dispose of all, or substantially all, of its property in the usual and regular course of its activities; or

(2) Mortgage, pledge, dedicate to the repayment of indebtedness (whether with or without recourse), or otherwise encumber any or all of its property whether or not in the usual and regular course of its activities.

Sunday May 24 00:57 EDT


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