Georgia Articles of Incorporation with Indemnification
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How to fill out Articles Of Incorporation With Indemnification?
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FAQ
Indemnification in the context of nonprofit bylaws generally refers to how the nonprofit will protect its directors and other agents in the event they are sued for acting in their capacity as agents of the nonprofit.
A certified copy of your Articles of Organization or Articles of Incorporation can be ordered by mail, in person or online, but we recommend online. Online orders are immediate. Normal processing by mail takes up to 48 hours, plus additional time for mailing, and costs $10, for up to 50 pages.
Processing Time: 15 business days; Processing in 2 business days costs an additional $100. Processing in the same business day (if submitted before noon on a weekday) costs an additional $250. Processing in one hour costs an additional $1,000. Draft your own Articles of Incorporation.
Indemnification requires the indemnifying party to: Reimburse for covered paid costs and expenses (losses). Georgia courts require reimbursement for all paid losses pursuant to the parties' contract (see, for example, Deep Six, Inc.
An indemnification situation arises when a third party (not a party to the contract) is harmed and makes a claim against one or all of the parties to the contract. Indemnity is not an appropriate remedy for claims, such as breach of contract claims, involving only the parties to the contract.
The document required to form a Georgia corporation is called the Articles of Incorporation. The information required in the formation document varies by state. Georgia's requirements include: Officers.
Part 1 - Board of Directors. § 14-2-801. Requirement for and Functions of Board of Directors. Except as provided in Article 9 of this chapter or in a written agreement meeting the requirements of Code Section 14-2-732, each corporation must have a board of directors.
Each corporation in Georgia should send their notice of incorporation, along with a $40.00 publication fee, directly to the newspaper no later than the next business day after filing articles of incorporation with the Georgia Secretary of State.