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GA HB1162
GA HB1162Corporations; require corporations and limited liability companies and their subsidiaries to provide certain information to the Secretary of State if they own a certain number of multifamily residences
summary
Introduced
02/02/2026
02/02/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT To amend Article 16 of Chapter 2 and Article 11 of Chapter 11 of Title 14 of the Official Code of Georgia Annotated, relating to records and reports relative to business corporations and miscellaneous provisions relative to limited liability companies, respectively, so as to require corporations and limited liability companies and their subsidiaries to provide certain information to the Secretary of State if they own a certain number of multifamily residences; to require the Secretary of State to publish such information on the Georgia Corporations Division website; to provide for definitions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
AI Summary
This bill requires corporations and limited liability companies (LLCs), along with their subsidiaries, to report to the Secretary of State if they own three or more "multifamily residences," which are defined as properties with four or more individual dwelling units. This reporting requirement applies in addition to their regular annual filings and mandates the disclosure of a list of these multifamily residences and their addresses. The Secretary of State will then make this information publicly available on the Georgia Corporations Division website, including linking subsidiary information to the parent or controlling corporation's details if the subsidiary meets the ownership threshold. This new requirement will take effect on July 1, 2026.
Committee Categories
Justice
Sponsors (5)
El-Mahdi Holly (D)*,
Karen Lupton (D)*,
Yasmin Neal (D)*,
Gabriel Sanchez (D)*,
Mary Ann Santos (D)*,
Last Action
House Second Readers (on 02/04/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.ga.gov/legislation/72737 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/241201 |
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