Rules For Document Retention In Georgia

State:
Multi-State
Control #:
US-00444
Format:
Word; 
Rich Text
Instant download

Description

The document titled By-Laws provides essential governance rules for corporations operating in Georgia, with an emphasis on the rules for document retention. These by-laws outline the structure and procedural norms for holding shareholder and board meetings, including requirements for notification, quorum, and voting. Key features include annual and special meeting protocols, voting rights, and the election and roles of corporate officers. Filling and editing instructions involve completing designated sections for names, dates, and officer signatures, ensuring compliance with Georgia's legal standards. The by-laws also stipulate the fiscal year and provisions for dividends, showcasing the corporation's operational timelines. For attorneys, partners, and other legal professionals, this document serves as a foundational framework to ensure proper corporate governance and compliance, thereby aiding in risk management and strategic decision-making. Paralegals and legal assistants can utilize this form to assist in the management, storage, and retrieval of corporate records, maintaining adherence to document retention rules specific to Georgia.
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FAQ

The Georgia Records Act requires agencies to manage their official records and includes the retention of both paper and electronic records which are necessary for the conduct of agency business.

The state of Georgia has traditionally been an “attorney-closing state,” meaning that only licensed attorneys may conduct the settlement at which closing documents are signed.

Georgia's deadline for filing a legal malpractice claim generally is 4 years. The law as to WHEN that four years begins to run is complicated, and you should contact an attorney for advice regarding the specific facts of your claim.

The ethics rules don't require a lawyer to keep closed files for any particular length of time. The exception is trust account records. Rule 1.15(I) does require that a lawyer keep trust account records for at least six years after the case is over.

The employer must maintain the record for at least seven years and then properly dispose of the record. Likewise, Georgia law requires that employers maintain all employment records, including applications and other materials relating to prospective employees, even if not hired, for 2 years.

The deadline for filing a personal injury lawsuit in Georgia is generally two years, per O.C.G.A. § 9-3-33.

Record Retention Schedule for Businesses DocumentRetention Period Contracts and leases (expired) 7 years Correspondence, general 2 years Correspondence, legal and tax related Permanently Deeds, mortgages and bills of sale Permanently36 more rows

On the Data lifecycle management page, click the Retention policies tab, then click New retention policy. In the Name field, give your new retention policy a descriptive name. Choose the type of retention policy: adaptive or static. Decide if you want to retain content, delete it, or both.

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Rules For Document Retention In Georgia