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Georgia General Assembly > Legislation
2019-2020 Regular Session - SB 373
Nonprofit Corporations; directors and officers of electric membership corporations and foreign electric cooperatives; provisions; change
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First Reader Summary
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.
Status History
Jul/01/2020 - Effective Date
Jun/29/2020 - Act 391
Jun/29/2020 - Senate Date Signed by Governor
Jun/29/2020 - Senate Sent to Governor
Jun/26/2020 - House Passed/Adopted
Jun/26/2020 - House Third Readers
Jun/22/2020 - House Committee Favorably Reported
Mar/04/2020 - House Second Readers
Mar/03/2020 - House First Readers
Mar/02/2020 - Senate Passed/Adopted As Amended
Mar/02/2020 - Senate Third Read
Feb/24/2020 - Senate Read Second Time
Feb/21/2020 - Senate Committee Favorably Reported
Feb/18/2020 - Senate Read and Referred
Feb/05/2020 - Senate Hopper
06/26/2020 Modified Structured Rule
Jun/26/2020 - House Vote #794Yea(145)Nay(11)NV(10)
Mar/02/2020 - Senate Vote #507Yea(53)Nay(0)NV(2)
Past Versions