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SB 373 — Nonprofit Corporations; directors and officers of electric membership corporations and foreign electric cooperatives; provisions; change

Senate Date Signed by Governor

A BILL to be entitled an Act to amend Article 8 of Chapter 3 of Title 14 and Part 6 of Article 4 of Chapter 3 of Title 46 of the Official Code of Georgia Annotated, relating to directors and officers of nonprofit corporations and directors and officers of electric membership corporations and foreign electric cooperatives, respectively, so as to change provisions relating to the responsibilities and standard of care of directors and officers of certain corporations; to clarify the ability of directors and officers to rely on other individuals in the performance of their duties; to provide for a rebuttable presumption when directors and officers are acting in good faith; to provide for related matters; to provide for applicability; to repeal conflicting laws; and for other purposes.

Senate Date Signed by Governor

Legislative term
Georgia General Assembly 2019–2020
Session
2019-2020 Regular Session
Chamber or committee
Georgia Senate
Measure type
Bill
Introduced
Feb 18, 2020

Bill timeline (14)

Votes on this bill (2)

Sponsorships (1)

Tyler Harper

Cosponsor
Office service
State Senator · District 7 · From Jan 14, 2013
Role in source
Georgia sponsorType=1; sequence=16; Harper, Tyler; sponsorship listed in session 27; start uses sourced bill introduction date
From
Feb 18, 2020

Bill text versions

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Media coverage

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Documented positions

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Amendments

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Related bills

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