Examples of Georgia Act in a sentence
The purpose of the Company is to engage in any lawful act or activity for which limited liability companies may be formed under the Georgia Act and to engage in any and all necessary or incidental activities.
The Company was formed on [DATE], 2023, pursuant to the provisions of the Georgia Act, upon the filing of the Articles with the Secretary of State of the State of Georgia.
To the extent that the rights, powers, duties, obligations, and liabilities of any Member are different because of any provision of this Agreement than they would be under the Georgia Act in the absence of such provision, this Agreement shall control, to the extent permitted by the Georgia Act.
Except as otherwise required by the Georgia Act, the debts, obligations, and liabilities of the Company, whether arising in contract, tort, or otherwise, shall be solely the debts, obligations, and liabilities of the Company, and no Member shall be personally liable for any such debt, obligation, or liability of the Company solely by reason of being or acting as a member or participating in the management of the Company.
The Company shall have all the powers necessary or convenient to carry out the purposes for which it is organized, including the powers granted by the Georgia Act.