How does Georgia's corporation code compare to other US states?

Georgia follows the Model Business Corporation Act (MBCA) framework, like most US states adopted since the 1980s. The GBCC is modern, well-tested, and aligned with Delaware on most key concepts (notwithstanding Delaware's distinctive corporate-law jurisprudence). For startup and growth-stage corporations, Georgia practice is straightforward.

Is the Georgia stock ledger the cap table?

Conceptually no, in practice often yes. The stock ledger is the statutory document of ownership; the cap table is the analytical view. In well-run modern Georgia corporations, the two are synchronized — the cap table is computed from the stock ledger.

Are electronic filings accepted for this jurisdiction?

Yes. The Georgia Secretary of State (Corporations Division) typically offers an online portal for filings and lookups. Electronic filings are usually processed faster than paper. Verify current options on the registry's website.

United States · Georgia

Stock ledger requirements in Georgia (GBCC)

What a Georgia corporation must know about stock ledger requirements under Georgia Business Corporation Code, O.C.G.A. § 14-2-101 et seq.: statute citations, mechanics, and inspection rights.

Governing statute

Georgia Business Corporation Code, O.C.G.A. § 14-2-101 et seq.

O.C.G.A. § 14-2-1601	Records of shareholders
O.C.G.A. § 14-2-1602	Inspection rights
O.C.G.A. § 14-2-625	Stock ledger as source of ownership
O.C.G.A. § 14-2-1631	Court enforcement

At a glance

Records each shareholder's name, address, number and class of shares, and date acquired
Maintained at the principal office; electronic form permitted
Inspection rights granted to shareholders under state-specific 'proper purpose' standards (Delaware vs MBCA states differ)
Transfers, issuances, and cancellations recorded chronologically
Legal source of truth on ownership; the cap table is the operational analytical view

What the GBCC requires

O.C.G.A. § 14-2-1601 requires every Georgia corporation to maintain records of shareholders. Closely modeled on the MBCA.

Shareholder name and address
Number and class of shares held
Date each shareholder became a holder
Certificate numbers and dates
Complete transfer history (cedent, transferee, dates, certificates cancelled and issued)

Difference from the cap table

The stock ledger is the statutory document — the legal source of truth on ownership. The cap table is the operational analytical view that models current and fully-diluted ownership. When they diverge, it is almost always the cap table that has drifted.

Inspection rights

Shareholders have a statutory right to inspect the stock ledger. State-specific standards vary: Delaware's DGCL § 220 is broadly permissive; MBCA-state versions require a 'proper purpose'; Nevada limits inspection to shareholders holding 15% or more. Most states require free extracts and reasonable copy fees.

In Octelligence

A stock ledger that never drifts from the cap table.

In Octelligence, every issuance, transfer, and cancellation updates both the statutory stock ledger and the cap table simultaneously. You cannot have one without the other, which eliminates drift between them.

See Digital Corporate Records

Statutory registers

A stock ledger that always matches the cap table.

Issuances, transfers, cancellations recorded in real time. Cap table synchronized.

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