United States · Georgia

Annual meeting requirements in Georgia (GBCC)

Georgia corporations must hold an annual shareholders' meeting under O.C.G.A. § 14-2-701 at a time fixed by the bylaws. The meeting can be replaced by majority written consent under § 14-2-704.

Governing statute
Georgia Business Corporation Code, O.C.G.A. § 14-2-101 et seq.
O.C.G.A. § 14-2-701Annual meeting required
O.C.G.A. § 14-2-704Action without meeting
O.C.G.A. § 14-2-705Notice of meeting
O.C.G.A. § 14-2-722Voting
DeadlineEach year as fixed by bylaws
Written consentMajority sufficient for most actions
At a glance
  • Annual meeting under § 14-2-701 at time fixed by bylaws
  • Georgia follows the MBCA framework
  • Written consent under § 14-2-704 permits majority for most actions
  • Notice 10-60 days before the meeting
  • Three required matters at annual meeting: director election, financial statements (if applicable), other business

O.C.G.A. § 14-2-701 requirements

Section 14-2-701 of the Georgia Business Corporation Code requires every Georgia corporation to hold an annual shareholders' meeting at a time fixed by the bylaws. The meeting elects directors and addresses other proper business. Georgia adopted the MBCA, so the framework follows MBCA Chapter 7 closely.

Written consent under § 14-2-704

Georgia's consent regime under § 14-2-704 follows the MBCA majority-consent approach. Shareholders may take action by written consent signed by holders of the minimum votes required at a meeting. This includes director elections for most Georgia corporations (the unanimous-consent requirement that some states impose for director elections does not apply in Georgia).

Court-ordered meeting under § 14-2-703

If a Georgia corporation fails to hold an annual meeting within 6 months after the date fixed in the bylaws or 15 months after the previous meeting, any shareholder may apply to the Georgia superior court for an order requiring the meeting.

What's distinctive about Georgia

Georgia is largely MBCA-aligned for annual-meeting purposes. The majority-consent flexibility (including for director elections) makes Georgia one of the more efficient US jurisdictions for closely-held annual cycles. Combined with Georgia's modest $50 annual registration fee and limited disclosure requirements (only CEO, CFO, secretary in the registration), the overall ongoing-compliance burden is one of the lighter in the US.

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