§ 52-4-5 - Petitioners as constituting first board of directors; election of officers; prescription of rules and bylaws; opening books of subscription for capital stock
O.C.G.A. 52-4-5 (2010)
52-4-5. Petitioners as constituting first board of directors; election of officers; prescription of rules and bylaws; opening books of subscription for capital stock
The petitioners shall constitute the first board of directors; they shall organize by electing one of their number president and such other officers as may be necessary, prescribe rules and bylaws, and open books of subscription for the capital stock.