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Section 14-2-1111 - Additional business combination approval — Georgia Law | CourtGPT
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  8. Section 14-2-1111 - Additional business combination approval
Georgia Legal Code

Section 14-2-1111 - Additional business combination approval

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In addition to any vote otherwise required by law or the articles of incorporation of the corporation, a business combination shall be:(1) Unanimously approved by the continuing directors, provided that the continuing directors constitute at least three members of the board of directors at the time of such approval; or(2) Recommended by at least two-thirds of the continuing directors and approved by a majority of the votes entitled to be cast by holders of voting shares, other than voting shares beneficially owned by the interested shareholder who is, or whose affiliate is, a party to the business combination.