Section 14-3-864 - Effect of court approval of transaction

In a case involving a charitable corporation, a transaction that was not the subject of either directors' action under Code Section 14-3-862 or members' action under Code Section 14-3-863 is effective for purposes of paragraph (3) of subsection (b) of Code Section 14-3-861 if the transaction is approved by the superior court, in an action in which the Attorney General is joined as a party.Amended by 2024 Ga. Laws 701,§ 6, eff. 7/1/2024.Amended by 2023 Ga. Laws 260,§ 1-1, eff. 7/1/2023.